Replies to post #37793 on Zeev's Turnips Patch-No Politics (ZEEV)

[hk2]

This is why we rallied.

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Fed Survey: Economy Sluggish in Sept, Oct


2:12pm ET (Reuters)


WASHINGTON (Reuters) - The U.S. economy was in the doldrums in the early fall, held back by a listless job market and soft retail sales, according to an anecdotal survey by the Federal Reserve released on Wednesday.

"Most districts reported that economic activity remained sluggish in September and early October. Retail sales were weak across the nation, including some declines in motor vehicle sales from very high levels," the Fed said it its "beige book" report, a snapshot of economic conditions compiled from reports by the Fed's 12 regional banks.

"Labor markets were lackluster in all districts. Overall wage and price increases were moderate, but significant price increases were noted in health care, insurance and shipping," the Fed said.

[marquis103]

"It is starting to look like the rules changed in the last few weeks."

That wouldn't be so bad if someone had told us what the new rules were. Guess I'll just sit and watch for now. I've been burned too many times in the past trying to chase stocks.

Russ

[wahz]

FWIW, have continued to do almost nothing since last Thursday a.m., so that is why I am not posting much. I was looking for a top at 1270-1300 so I was early shorting and it was painful to say the least. Not too bad now, but unless we sell off to under 1260, it will have been a total waste of time and pain for me, not too mention that as a natural bull, I would normally have made very good money staying aggressive to the top.

I am looking for 1238, and if we break 1222, I see us going to at least 1198

Hey, I know what I can do to stir the pot!: I am thinking it is a good possibility that the lower gap won't be filled until the next decade, if ever:>) I am about 90% serious too.