OptionEye - The Cow Guy - Feb 18th

[ShelladyOptions]

Good morning. 

Overnight Japanese actions send Asian stocks higher. European stocks don't take the head fake as the US follows Europe lower. George Soros builds his downside hedge in stocks. Lot's to talk about. 

Economically we get the NAHB Housing Index and Empire Manufacturing. 

As for the grains we see gains....beans up 13, corn and wheat up 2. Dry weather in Brazil the biggest driver for corn pushing them to highs not seen since the end of Sept 2013. 

The dollar is slightly weaker and Oil is above $100 at $101.16 up .86 cents on the day so far. Gold holding above $1300 at $1315.50 down $13.30. 

The 10 year is hovering at 2.73%. We saw decent gains on a very thin trading session on Friday and it will be interesting to see if we can hold these levels. 

[jrsiajdranch]

What has the Nazi been told the rest of us haven't?

[Wind]

Maybe this? http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11

[k-289]

Wonder what the folks shinning shoes are saying if it is like  "29 " --- 

[highyields]

There a few years behind in their chart,  If you follow the charts before the 2008 crash, then you see a similarity,,both then and now had the same lose percentage wise,  the stock market crashed in 2008, everyone did a really good job of covering it up,  they took the bad companies off the Dow Jones index which made it artificially supportive and the traders/public bit on it and the market took off.    8% unemployment should not lead to record Dow Jones Index.   

I wouldn't be surprised if it crashed NOW but it was due to the fact that its a false number.  If you want to make money in the stock market, look for stocks that pay dividends, and ones that are "Cheap"  buying a stock with for less then $10 a share won't break most banks.    All the people around home here that made themselves millionaires in the stock market never bought anything but stocks, no mutual funds, no funds at all, and they just rode the market out,,,,,