Quote:
Originally Posted by Vanity
Ouch! AAPL at $628?
We saw today that jobless claims decreased more than expected and then the markets sold off (QE reasons). That would hint that tomorrow's jobless rate would have a decrease bias, but that may cause the markets to sell off instead of go up (just like today).
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Yep! Unemployment drops to 8.1% and the markets sell off 1.4%. This should further run home the message to everyone that this rally is completely QE induced and not based on "improvement", as today is an improvement in Jon numbers.
I hope you didn't get crushed too much with AAPL falling more than 2% today
I also want to tell you guys that small speculators are now the only group net Long this market. Commercial and large speculators are all net short. This doesn't happen very often, but when it does it's "typically" a losing hand for small specs. I say typically because small specs can win, but usually they don't. So if we start heading south on this market, it's going to get real ugly real fast. You will know who's driving the train.