Market on Tender Hooks

By: readtheticker | Wed, Jul 30, 2014
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Cross your fingers

Can the market hold up?

Alibaba.com IPO with $200 Bn to raise! That's a lot of cash taken out of the game! It has been known that markets peak on massive IPOs!!

2014 Mid term elections, can they keep the market up to win votes. Every thing is fine, nothing to see here!

US GDP bounce back tomorrow. Then revised down latter most likely, hmmm!!

The Russell 2000 is the a lot harder to fiddle, a true market. Hold on to that hope!

IWM Long Term Chart
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Investing Quote...

"Stocks create their own field of action and power; power to attract and repel,which principle explains why certain stocks at times lead the market and 'turn dead' at other times." ~ William D Gann

"I buy on the assumption they could close the market the next day and not reopen it for five years" and "Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell." ~ Warren Buffet

 


 

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Author: readtheticker

readtheticker
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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/