That major players know that there will be a way better than expected jobs number tomorrow (see this mornings post) the SPUZ are turning a total blind eye to the fact that many important highflyers AMZN, BIDU, GOOG, PCLN are giving up the ghost a bit today. The question is when the number finally prints tomorrow (dont get me started on how stupid it is to fixate on these things anyways) and all of these guys have been buying ahead of it for two weeks - can we chug yet higher?? In two words, yes or no (ok that was three words). We have been rallying (except for the last hour on the 31st) since dec 21 - one might think we could get some profit taking but one might have thought that for a long time.
There was a juicy nugget in the home town paper yesterday - the University of Illinois is owed 436 million by the Illinois state government - the governor says the state should be able to pay some of that money after "a next round of borrowings" - the university says they are going to order 10 day unpaid furloughs for almost the entire staff this summer - this is unprecedented says the University president - he also said they are just going to have to hike tuition massively - k where are the payers of that tuition going to come up with money for a "massive hike"? I suppose they are getting "massive" raises at work - or maybe their stock portfolios have just taken off the last 9 months?? Again dont worry about real issues such as this just continue to worry about if AMZN is gonna hold at the 50 day moving average....
JB
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment