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April 29, 2005
The Gnomes must be furious with me, Fri., April 29, 2005, 2:37 PM
The moment I published my last post, the Dow took off like a rocket. Wow! The Gnomes must be mad at me for even suggesting this market could continue to fall going into the weekend. :- )
The Dow immediately popped 50 points to go up 102 on the day. Ha!
Oil is down to $49.50. Good.
Actually, the move had zip to do with me, and everything to do with an end-of-the-week drop in crude oil prices.
Posted by Posted by Bill Cara on April 29, 2005 02:40:35 PM | Category: Cara Today in the Market
Discourse
Bill, I didn't mean to curse you or your blog. I actually enjoy reading your insight.
I just found it funny that just days prior to my post, you commented on how Sam Walton never boasted, he just let his numbers speak for themselves. The day after you tooted your own horn about seeing a breakdown of a 15 minute dow chart the dow proceeds to go up 200 points. Then again today you boast about some other dow drop and we get a nice 150 point short squeeze up...
Maybe its better you not boast and be more like Sam Walton.
You have great knowledge and experience, hence the reason you have many readers. You do not need to make a whole separate post with the I told you so. If people are reading you they already know.
Good luck, and can't wait for your weekly review.
Eric
Posted by: eric lopez at April 29, 2005 7:56 PM [link]
The market goes up on payday every month as that's the day before the mutual fund managers will get all those lovely direct deposits. They jack up the prices in anticipation to make everyone pay a little more. Then drop them. It's a nice way to fatten their coffers just 1-2% more each month.
Posted by: Greg Fitze at April 29, 2005 3:40 PM [link]