Monday August 6, 2012
Here are a few reading assignments for monday morning.
One analyst describes the move out of dividend stocks and bonds into small caps.
Trader Dan makes my point that the markets are driven by giant hedge fund pots of money seeking return, linking a market move to the economy may or may not have any validity. My point was that the stock market can hit new highs, if the funds start piling in. That has been happening since Jun 1.
Korea, Turkey, China Central Banks are gold buyers, note the last four paragraphs of this article.
\\As recently as Thursday last week investors sold stocks, scan this article to see the literal overnight change in sentiment I have been describing.
If NASA can control the Mars Rover 140 M miles away, at least that is the story out of NASA
Spanish Bond Yields collapse, confidence returns, mood shifts
Buying the summer lows in gold, of course if one sells calls agains a position, that position will probably take off while one has limited his or her upside with the sale