The collision of global markets and social mood

Friday, May 14, 2010

More Voodoo

I saw it. 105 SLV. In traffic. Again.

Minutes later I saw this on Marketwatch.


Other than that, today was a good day to be a bear. But I'm becoming an uneasy bear here. Volume today was lighter than it was on May 10th, the huge up day. Even more disconcerting was the level of bear giddiness I witnessed today. Talk of yachts that will be purchased and Greek islands that will be owned. Sadly even coming from some traders whom I respect. Note their use of future tense as well. As if it's a sure thing. It's never a sure thing.

For now though, it's Friday. I'll follow this up with some charts and further comments over the weekend. Cheers.

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