01/26/2015 Live Update

[BullBear52x]

Major headlines:

Market down because Anti-Austerity party win Greek election.
Market flat because radical leftist party win Greek election.


A month ago Austerity measure is bad for the market.
Today Anti-Austerity is also bad for the market.

And...we the people take that news to heart. Wah?

[Al_Dente]

investors are worried what lies ahead so they are running on the NBG
down -9.52%

[fehro]

SPX

[Xian]

Xian,, we've been out on the boat. Cold yesterday in the high 60s for the evening.

74 today, so it's better.

Ah yes, the new boat. Howzit? Diggin' it?

You got the life man

[Out of Bounds]

Xian,, we've been out on the boat. Cold yesterday in the high 60s for the evening.

74 today, so it's better.

Ah yes, the new boat. Howzit? Diggin' it?

You got the life man

I'm having engine problems. They're working on it. Had to come in at 8MPH and I was 20 miles South. Ugh.

Radio works though.

[BullBear52x]

Support 61.8%,

[merryme]

At least you were able to come in w/ engine....as you know, paddles don't work real well with boat that size!

[Out of Bounds]

Long SPY 204.83

[Trades with cats]

In "Practical Speculation" Niederhoffer and Kenner have a little paper app that allows you to randomly construct explanations for any sort of market move. Their point was that the media has to have a reason.

I knew I was better off mentally when we cut the cable a couple of years ago and I lost access to CNBC. Then last year I read the University studies that "proved" people who watch cable news are less informed about the news but more informed about partisan spin.

Epsilon Theory says that to play the common knowledge game you have to go to the source of financial opinion and that is the Financial Times and The Wall Street Journal.

My personal opinion is that it is too early to forecast what effect the new Greek Government will have on the Euro. What is clear is that it is a generational shift and a recognition that the status quo was a failure. The E.U. can not stop them from leaving and they are already receiving offers from Putin. It won't be boring, that's for sure.

[Out of Bounds]

At least you were able to come in w/ engine....as you know, paddles don't work real well with boat that size!

I had to shut one down,it is overheating and cutting out. I ran the other at 2200 RPM to keep from overloading it.

[Cobra]

now let's see if it's 3 push up, yes or not, I'd still expect a 4th push up.

[Out of Bounds]

Sold SPY. I'm out. going to check on boat.

[Trades with cats]

I got really sick on a diving cat out of Key Largo last September. I do not envy you wallowing along at 8 knots for a couple of hours!

[BullBear52x]

Always sell 2x top

[Cobra]

members only update at 12:12 pm
http://www.cobrasmarketview.com/2015/01 ... ay-update/

[BullBear52x]

Interesting pattern.

[Xian]

NAZ slipping.. + Adv/Dec 5m

These are Think or Swim charts, is that right? Opening account this week. Is the learning curve steep?

Thanks!

[Al_Dente]

[fehro]

SPX.. dabble a little short here..

[fehro]

minor div in SPX /NDX 1m