Pretty impressive NYSE stats today: 95% of issues declining, half of them with new lows. Only 2 new highs (0,06%). Dow testing 10k from the downside

Cesarnc's market talk, gossips, rumours & fun

Headline of the day (MarketWatch): House to Wall Street: Drop dead

Cesarnc's market talk, gossips, rumours & fun

Dow making some sense today: image Pushed back 3 years, right above the 2005 lows. It's interesting to listen to the chatter about 1929. The 1929 aftermath actually set the Dow back around 20 years, try to imagine such a rewind this time... Just ...

Cesarnc's market talk, gossips, rumours & fun

Wow! What a day!

Cesarnc's market talk, gossips, rumours & fun

Yes, you should only see that in a panic move. I certainly agree that the logic does not seem to add up here. But things are a bit 'out of sync' (e.g. eurodollar reacted 3 hours later than gold). Not to forget the countless 'head fake' moves ...

Cesarnc's market talk, gossips, rumours & fun

I see your point, but: Well, the gold move is actually historic. A little more than a normal bounce there

Cesarnc's market talk, gossips, rumours & fun

Quote of the day: John J. Mack (Morgan Stanley): "... Short sellers are driving our stock down ..." Oh, really? Well, what should we do? Buy your lousy company???

Cesarnc's market talk, gossips, rumours & fun

But gold's got the big boner today, check out the daily chart! Heading for a $100 gain?!!

Cesarnc's market talk, gossips, rumours & fun

But... Free-flowing credit..? Sounds like these kind of guys just can't wait to create the next financial bubble! They should get their credit cards cancelled, not more credit to play with!

Cesarnc's market talk, gossips, rumours & fun

Dow has touched 10660 today, close to the 2006 low of 10667.39 (10607.36 intraday) on 2006-01-20 (23). Gone nowhere since 2 1/2 years ago! Lets see if we close above or below tonday...

Cesarnc's market talk, gossips, rumours & fun

Wikipedia is quite cool: url "... On September 16, 2008, after an AIG liquidity crisis following the downgrading of its credit rating, the U.S. Federal Reserve Bank stepped in to prevent financial collapse of the company. ..." It's already in ...

Cesarnc's market talk, gossips, rumours & fun

Gold rallies like mad, testing resistance @820! Dow back below "pre-FED" levels, so much for that rally... Can't complain about a lack of action in the markets, these days...

Cesarnc's market talk, gossips, rumours & fun

Crazy days

Cesarnc's market talk, gossips, rumours & fun

Barclay is saving Lehman.

Cesarnc's market talk, gossips, rumours & fun

Lehman deal??

Cesarnc's market talk, gossips, rumours & fun

Ehh, or maybe not... Up 58 points?? WTF??

Cesarnc's market talk, gossips, rumours & fun

Yes, sir! Done! Unanimous decicion to hold, no statement on AIG. The easiest outcome to trade, I think

Cesarnc's market talk, gossips, rumours & fun

Waiting for the FED action... Ready to sell, sell, sell when they announce 'hold'

Cesarnc's market talk, gossips, rumours & fun