Most mornings this is just going to be a random dumping of my brain as the coffee begins to kick in. A fun start to the morning as I had to get up early to be on a client call. Guess what the client did not show so I lose an hour of sleep for nothing.
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For some reason , the volume in stock index future usually picks up around this time but other than the ES, things look slower than days gone by. A friend of mine who manages over 25 million in funds for people and is in the process of getting a lot more, bought leveraged EFTs at the close of the market on Friday using margin in the accounts for the first time ever. He is very happy today and we will see if he stays happy. He was a doom amd gloomer and sudden decided to turn very bullish as he states "longer term" on the market at the end of last week. He does this a lot by gut feel but has done very well over 20 plus years.
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The markets look relatively stable this morning with the futures a little below fair value. I have a feeling we have not seen the last of the craziness. I am glad the craziness is happening now because I like the more normal markets after Labor day.
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