U.S. Equities: Not Buying it for a Dollar
Mastery is not liking the trading waters today, we've got to many uncertainties (Greek Band-Aid, Iran, VIX) in the headlines not to mention the technical limitations of the S&P 500. Its got everyone trading with a "If you buy, I'll buy" mentality. I'd rather keep my dollar then throw it into the stock market garbage disposal.
As we wrote last week Fear is Back with a Vengeance and we anticipate traders to bank coin on emotional trading mistakes. Thanks to the ongoing drama with Iran crude oil has pushed past the $100 level. The EU is doing its best to work with Greece and as much as we want to believe -- we don't believe.
The euro is inching higher (Mon, Feb 13th) after yesterday Greece agreed to big cuts in pensions, jobs, and salaries. Its a ticking time bomb.
Be careful out there and in closing...
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Preet Bharara Joins NYU School Of Law | ZeroHedge
- US Bans Laptops, iPads, 'Anything Bigger Than A Cellphone' On Flights From 8 'Majority-Muslim' Countries | ZeroHedge
- Art Bubble Pops As Sales Crash To Lowest Level Since 'Great Recession' | ZeroHedge
- Surge in Global Economic Surprises, Business Confidence Continues | Financial Sense
- How Antonio Lee Snuck A Fake $3.6 Trillion Acquisition Past The SEC | ZeroHedge
- Retail Nightmare Just Won't End: Sears Crashes On "Going Concern" Warning, Payless To File Bankruptcy In Days | ZeroHedge
- Dijsselbloem Must Go, But That Solves Nothing | ZeroHedge
The most relevant financial news and articles from the Internets
- US Navy: Iran jeopardizing international navigation, harassing ships... | Business Insider
- THE APP ENGAGEMENT REPORT: The tools and tactics brands, marketers, and app makers can use to keep users... | Business Insider
- There’s a reason this sponge is the most successful 'Shark Tank' product to date | Business Insider
- Check out the private French Polynesian island Obama is about to... | Business Insider
- Science-backed reasons for why dating your best friend is a good idea | Business Insider
- This deal on an automatic vacuum is one of the best we’ve seen | Business Insider
- 'Deadpool 2' may have found its Cable, and he's perfect | Business Insider