Thursday, July 24, 2008

Thursday Intraday Market Psychology

"Good Morning/Afternoon/Evening,

This morning’s initial claims for unemployment came in at 406K, temporarily spooking the market, as estimates were for around 372K. Please keep in mind this is only a weekly number, and that it always gets revised.

There are many who missed the run up last week, especially in financials, and we see more frustration than anything else. POTC recommends our readers stay long, and do not get swung into the talking heads negativity, as most of them have...

If you would like to receive this and future posts and market analysis, please send an e-mail to and make sure that your e-mail client will not consider messages from that address as spam.

No comments: