"Been Down So Long, It Looks Like Up To Me" That's How You Get Talking Heads Pontificating About A Healed Economy And Business Looking Up. Pay No Attention To What Is Behind The Screen......
Saturday, March 26, 2011, 03:31 PM
"The effect of mobiles, computers, satellites—there is a generation coming that is outside the traditional controls. Normally, generations re-create themselves. But something else is happening."
-- Mohamed Haykal
Trower. Find Something That Works And Keep On Doing It. Kinda Like Investing. Shame To Lose Dewar Along The Way.
http://www.youtube.com/watch?v=bfn6598L ... re=related
http://www.youtube.com/watch?v=R1jZO54m ... re=related
http://www.youtube.com/watch?v=TLHZsK4e ... re=related
There are things I can't do, like serious fundamental analysis of thousands of companies books and in depth analysis of governmental politics and sociopolitical movements on resource allocation and technological and sociopolitical forces versus the political imperatives in the MENA area. I don't have access to the raw data and I'm too busy laying out and bending high purity gas lines.
But I can get price vs time on a near instantaneous basis and there is little data available that is more cogent, accurate or determinant. And technical levels left behind mean it's modified risk on with an eye toward how the tenor of the market has changed.
Never mind what makes sense. The market never talks to you more directly than it does with price. Glow inna dark sea food onna West Coast, the Korean war Redux, the risk of Iran and Hamas in Lebanon, the forced retirement of way too many people way too young, major midwest cities drying up and blowing away, very high oil prices, Euro debt issues, etc, if prices go up through resistance and hold, I gotta be thinking, Buy. So I started to scale in last week.
Part way in last week, maybe more this Monday. Maybe.
http://www.ritholtz.com/blog/2011/03/no ... -not-safe/
http://www.ritholtz.com/blog/2011/03/ho ... this-time/
http://www.msnbc.msn.com/id/42258117/ns ... e_economy/
http://www.ritholtz.com/blog/2011/03/pr ... roam-free/
http://www.ritholtz.com/blog/2011/03/ci ... cys-costs/
http://www.stratfor.com/analysis/201103 ... ed-kingdom
Stay Tooned.
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