Trading Mom » ceo position http://tradingmom.com Stock trading in extreme conditions Thu, 17 Dec 2009 19:53:41 +0000 en hourly 1 The market is closed today. http://tradingmom.com/the-market-is-closed-today/ http://tradingmom.com/the-market-is-closed-today/#comments Sat, 14 Jun 2008 20:57:04 +0000 admin http://tradingmom.com/?p=12 The roofers are gone, kids are taking after-lunch nap and it is unusually quite. Even the smell of roofing tar doesn’t bother me anymore. 5 days in a row, our home was rolling and rocking. All the pictures, light fixtures and mirrors had to be taken off, as they were expected to fall. Now its time to put them back.

Thanks G-d it’s a weekend. With the trillions of things I have to take care of in addition to trading, I easily can take a CEO position in any of the Fortune 500 Companies. It won’t be any more challenging. I remember like a dream the time I spent at CSFB (Credit Suisse First Boston) and Williams EM&T. How easy it was there!

Anyway, since now I am wearing different hats, it’s time to get back to the market.

Dow Jones Index weekly chart.

The end of last week was quite disappointing (for me). As if market decided to follow my nightmare (see http://tradingmom.com/trading-nightmares/), it completely dismissed Friday’s bad economic data and was up for the day. To make it even more painful, $INDU ran over 80 points in the last 25 min of trading to close at +165.77.

Did I miss anything? Consumer Price Index was up 0.6% in M/M change, which to me is a clearly inflationary number, way out of FED’s comfort zone. Meanwhile, Consumer Sentiment Index sank once again. Why was the market up? Was it just because BlackRock bought LEH shares? Well, Bank of America bought Countrywide Financial shares not too long ago. If I had to bet, I’d bet that BlackRock investment is not much better (if any) than that of Bank of America.

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