BAGAKOAA; November 8, 2012 Brian's Not Here Man

Post 737

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November/2012

We will not be blogging tonight.  Our office is being painted so I am currently in between two huge sheets of viskween or is it visqueen?  Anyway, they started lacquer painting today and we are not supposed to be in the office none the less writing a blog.

 

Ya see, the fumes can get you high if you are exposed to high concentrations.  I personally do not believe it.  Forget the fact that I started this blog with the wireless keyboard upside down.  Here is was the first sentence or two looked like:

Tlklfp;y[jku;lofkp5frltltyypesd;prj.  You will note that there is no space bar on the top of your key board.  Also, F6 and F7 are worthless little keys. 

 

Oooo, that was eerie.  The air just shut off and the walls of visqueen as collapsing on me.  If you are not supposed to put your head in a dry cleaning bag, this has really got to be dangerous.

 

We had all kinds of animal issues today, but we really should wrap things up for the night.  What's that?  My pencil sharpener just yelled at me.  He said he is suffering from lead poisoning.  It is raining here in Orange County.  That does not happen too often, except for today because it rained.

 

Ok before I say hwwk ychgt  (That was with the keyboard upside down again.) Let's take a quick look at what went on in the market and how it might close out tomorrow.


Price Performance

at 4:57PM EST 11/08/2012

 

DJIA:              12,811.32        -121.41

S&P 500:        1,377.51         -17.02

NASDAQ:        2,895.58         -41.71

 

We Have Nothing To Fear

 

Said the big bull buffalo as the Native American Indians herded him over the cliff to the obsidian rocks below.

 

Yeah today was a little more of a panic driven correction that yesterday.  Post election remorse and actual undefined fear of the fiscal cliff (By years end) forced  huge sell off in the closing minutes of the market today. 

 

All of the major market are trading below their 200 day average.  That is worry some as there are no clear support figures at this level.  In looking for my own support figure, I had to go back to the May June levels of 12,200 on the DOW and 1,260 on the S&P 500.

 

The opening tomorrow will be interesting to see if big institutional monies come back into the market.  Again there is definitely some tax avoidance at work here.  If we see another 1% down tomorrow, it will not be a good sign.

 

Salve Lucrum

 

 

 

 

 

 

 

 

 

Brian Ireland
 
 
Since 10/10/2012
BAGAKOAA;

I am not a professional investment advisor. Anybody reading my blog and investing accordingly must be out of their minds. I have made more money than I have lost. There are many more qualified people than I to actually tell you how to invest your money.

BAGAKOAA=Boys And Girls And Kids Of All Ages

Salve Lucrum=Latin for Hurrah for Profit.

2012 Year Ending

Dow 13,073

S&P 500 1,358

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hannas