Bad news being bought. If you’re long, you want bad news, and you’re getting it. Like the song. – Ilene
Now everything’s a little upside down,
as a matter of fact the wheels have stopped,
What’s good is bad, what’s bad is good,
you’ll find out when you reach the top
You’re on the bottom.
– Bob Dylan, Idiot Wind
George Costanza Market
Courtesy of Trading for the Masses
Opposites rule this market, that’s why the pivot always keeps you to the right side of the market. Yesterday short worked 4 times and small stop on the last one. Today you want to buy the dips towards the same level as we dance around 840 and decide which is the next move up or down. JPM had a 2 billion dollar best quarter, amazing what magic beans can do to a balance sheet! Until the bad news becomes [bad] news, you must buy the bad news. Constanza Market’s en vogue!
