Thursday, June 11, 2026

Wall Street Strikes Back

 6/11/2026


 Recall last weekend I suggested we watch from the sidelines, this is why. We have the inevitable bounce, and it looks about  50% of the decline. but of course there could be more. 

NDX bounced 3.29% today.  Here is another reason to watch. See below

 

Space Exploration Technologies Corp., or SpaceX, priced its long-awaited initial public offering at $135 per share for 555.6 million shares of Class A common stock, according to a prospectus filed with the U.S. Securities and Exchange Commission on Thursday. 

 

this bounce is a wave two, the purpose of which is to reassure that the bull market is still alive. Maybe it is, we'll see tomorrow.  

No comments:

Post a Comment

Fox Business Jettisons Maria

 Tuesday 11/3/2026 Fox Bisiness has had a line up of personalities, Maria Bartiromo, Stuart Varney, a panel, Charles Payne,and Liz Clayman. ...