Posted on 12/14/2014 7:43:31 AM PST by expat_panama
Jacob: Whats your number?
Bretton Woods: Excuse me?
Jacob: The amount of money you would need to be able to walk away from it all and just live happily-ever-after. See, I find that everyone has a number and its usually an exact number, so what is yours?
Bretton: More.
Yeah, that's my number too.
Again!
OK, so even though we're in a 'correction', this is definitely where all the signs are saying I need to take a few measured steps back in...
Extra-fat dead cat bounce?
Scratch that. Full-fledged rally.
Scratch that. Buying panic. Seen only rarely.
LOL, That’s as clear as mud.
http://www.investinganswers.com/financial-dictionary/stock-market/panic-buying-613
Panic buying refers to the purchase of a stock immediately after a sudden, substantial price increase.
How it works/Example:
Investors watching the market may jump to buy a stock immediately after a major move in the stock’s price, hoping to take advantage of the surge in the price.
Why it Matters:
Investors may buy stock for a number of reasons. Fear of being left out of the next big thing, however, is not the best reason. Panic buying usually is the result of the herd instinct among some investors. While there may be some gains on the residual increase in the price spike, it is often too little, too late.
Or, what we saw today could be a classic short squeeze.
http://www.investopedia.com/terms/s/shortsqueeze.asp
DEFINITION of ‘Short Squeeze’
A situation in which a heavily shorted stock or commodity moves sharply higher, forcing more short sellers to close out their short positions and adding to the upward pressure on the stock. A short squeeze implies that short sellers are being squeezed out of their short positions, usually at a loss. A short squeeze is generally triggered by a positive development that suggests the stock may be embarking on a turnaround. Although the turnaround in the stocks fortunes may only prove to be temporary, few short sellers can afford to risk runaway losses on their short positions and may prefer to close them out even if it means taking a substantial loss.
Was thinking that was the case yesterday but we're punching up into increasing highs: (from here) ...stock market opened strong and closed stronger... ...Stocks finished at their session highs. Volume was lower... ...major indexes closed up more than 2%
Stock futures flat right now, oil stronger.
Friday will be a quadruple witching day, which could lead to volatility and heavy trading.
From your link @ .investinganswers.com
“Witching hours are usually accompanied by considerable volatility in trading volume and stock and derivative prices. As a result, investors can anticipate and plan for the potential effects of these relatively turbulent trading days.
Although index futures and options generally share simultaneous expirations on the third Friday of every month, quadruple witching days only occur on the third Friday of every March, June, September, and December. The last hour of these trading days, from 3 to 4 p.m. EST, is referred to as the quadruple witching hour.
Quadruple witching is similar to triple witching, which only includes the expirations of index futures, index options, and stock options.”
Differing opinions on QE and oil prices
Oil drop sends major central banks in different directions
http://www.freerepublic.com/focus/f-news/3238542/posts
Markets | Yesterday | Futures (2 hrs. before the bell) | |||
metals | Hanging on w/ gold $1,198.75 & silver $16.00 | +0.25% | |||
stocks | ...(from here) ...stock market opened strong and closed stronger... ...Stocks finished at their session highs. Volume was lower... ...major indexes closed up more than 2% | +0.26% |
--on that 'volume was lower' bit, remember that what they mean is 'lower than yesterday' which happened to be astronomical. Bottom line is volume was above average. Morning news:
--and threads:
WTI $54.95
S&P 2066.6 +03%
DJIA 17780 +0.3%
Chevron, Statoil Announce First Oil Strike In New Gulf Of Mexico Field
http://www.freerepublic.com/focus/f-news/3239020/posts
“The two fields are among the largest in the Gulf and are expected to yield 94,000 barrels of oil equivalent and 21 million cubic feet of gas per day for an estimated 30 years, Chevron said in a statement on Dec 2. “
Is that what the collapse of the Ruble is? High inflation?
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