Stock Market Rollercoaster
By Barry Ritholtz - November 18th, 2008, 5:30PM
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Stock Market Rollercoaster by Paul Zanetti
Macro Notes
We don’t want your help because maybe we don’t need itPeter Boockvar
While yesterday's US stock market close was poor, Asia and Europe didn't follow today as debt in Greece, Spain, Portugal, etc... rallied, their CDS narrowed and stocks bounced. The Greek finance minister said January tax revenues came in above expectations and that spending was below target for the month and said "that means the deficit reduction for January is well within what we have promised." The euro is rising in turn. Also helping is the story that Trichet is headed to the European Union leaders summit a day early in order to address Greece's problems even as the Greek finance...
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November 18th, 2008 at 5:42 pm
From the guys who brought you the Real Estate charts from a couple days ago…..looks like the top of the old Cyclone roller coaster I used to ride as a kid…!
http://www.tradersnarrative.com/massive-ominous-double-top-formation-2080.html
November 18th, 2008 at 6:07 pm
That looks like the coaster from Cedar Pointe in Sandusky, Ohio. Get some Dramamine and buckle up..
November 18th, 2008 at 9:02 pm
Darling comic.
One of my best friend is with MS. He’s older than I am, but I won’t hold it against him. Anyway, even BEFORE the close, I sent him an email asking “have you seen everything now?”
His reply: “The range of emotions I go through everyday is gonna kill me! I think I’m going to start drinking before the open from now on.”
(What he was really going to do was bang out 50 hard miles on his bike before dinner. Remember the market closes at 1 pm in the west.)