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As this Knight prepares to call it a day (it’s Thursday evening as I am composing this), I wanted to note that equity futures have finally managed to get above their resistance levels. Indeed, over the past week, the markets have been banging out a fairly steady progression of higher highs and higher lows. In other words, the bulls are finally getting a break.
I’ll just put this infographic before the “read more” bar, so it doesn’t gobble up the home page. Click on it for better readability………….
(more…)Good God. I hadn’t looked at the chart for Credit Suisse (CS) in ages, but I guess that this is what ALL bank stocks would look like now if it weren’t for the infinite help of the central banks. Truly incredible how the might have fallen:
The contest for The Dorkiest Image In Human History is one of the most widely-followed and hotly-contested of the 21st century. We have, at long last, a victor, and I present it to you below. It is a virtual Cramer and a virtual Zuckerberg talking in the metaverse, which Zuck claims will be the biggest thing ever. SPOILER ALERT: it’ll be every bit as big as 3D Printing and the Oculus headset.
This is precisely the kind of diseased thinking that will be of persistent aid to the bears in order to get good prices at which to sell short. I didn’t chop off any other steps. This is the whole tweet.
In case you’re wondering who this guy is, let’s just say his credentials don’t surprise me.
