Tuesday, June 26, 2007

Green River

Hedge funds blowing up, credit spreads widening, SPX below 50-day MA. Just what the doctor ordered to put some volatility back in the market. Like I prevously stated, all the sideline cash is in, so there should be less support and more time in this correction than the last 3 or 4 we have seen over the past 2 years. My guess is a nice downdraft occurs after the Fed meeting. Hey, they need someone to blame it on.

Hearing a huge 4-way trade in NBA. Does it really matter?

5 comments:

Keith Berger said...

Regardless of whether I can follow the whole trader-lingo thing ("The Fed's got the monkey's nostril on the downside. Never mix Spam and Pam in the frying pan. Look for the Japanese to roll cucumbers across Madison Avenue. The White zone is for loading. Now, there is no stopping in a RED zone"), your post titles are da bomb!

Eric P. said...

Yes, its kind of like your song du jour. Usually its the last song I heard on the radio. Maybe I can do a medley of showtunes for the older crowd.

Keith Berger said...

You lost me with the French there. For a second, I thought you were ordering soup...

...which brings to mind this Classic Costanza Moment:

"The sea was angry that day, my friends, like an old man trying to send back soup in a deli."
- George, in "The Marine Biologist"

muckdog said...

And.... low volume summertime. Always an ingredient for whippage!

Keith Berger said...

See? I have no idea what that guy's taking about either...