Replies to post #324 on Mainely Stocks

[ari5000]

What's this market like?


I would think the debt levels of world banks, U.S. states, consumers is the big concern for the markets going forward.

http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=0&mn=9&dy=0&id=p51532920683&a=183594870

Here's my dollar chart -- the 'topping pattern' I indicated well... has just been topped today.

I don't see too much bearishness this morning -- I expected the Fed purposely raised rates last night because they knew they could still push the markets higher today -- at least a little bit --at least enough to avoid a selloff.

This morning I see every sector is red. Although oil and OIH is up -- I guess in a recession, we can still look forward to paying up for oil. Seems fair.

Not sure who's still buying the markets today but it isn't me. I do I have some longs in small caps I mentioned but it seems you're either quick or dead these days when it comes to making profits.