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RANDOM THOUGHTS BY TPC

  • The jobs number was almost exactly what Goldman expected.  I’m sure they had no idea what the number would be in advance.   Heck, even Steve Grasso knew….
  • Don Luskin says the bull market needs a breather.   Unfortunately for Don he has been wrong at every twist and turn of the market over the last two years.  I have to admit I don’t like being on the same side of the trade as him.
  • Is the elusive correction upon us or does the positive jobs report reaffirm the bulls’ confidence?
  • Are there any bears left?
  • Next week should be fun.  There is virtually no news.  Does no news = no catalyst = no reason to buy stocks?
  • We nailed the earnings rally, was my sell last week a bit early?  Is the market destined to hit Goldman’s 1050 target before taking a breather?
  • Breadth is still excellent and makes me question my sell call every day I look at the data.
  • My risk metrics, however, are all through the roof….
  • A lone reader took the time to rate almost EVERY single one of my articles a “1”.  I know I won’t appeal to everyone, but who has that kind of time?  PS – All your IPs are belong to me….

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