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The OIH which lead the market's rally yesterday has retraced 50% and crude is now down about $1.15 in the Dec. contract. I might be far too optimistic here but this should give the market (SPX) a bit of a "bid".

Desperately trying to hold that 38.2% retracement of the recent rally. 50% retrace on the SPX comes through around 866.

You obviously do not understand the word "sterilization" in monetary terms. It has nothing to do with the quality of collateral. It is a term that means that whatever injections of liquidity that have been made into the system by the FED, will be reversed . . . in order to take out the...

It's quite simple. The FED engages in monetary operations such as "matched-sales" to take money out of the system.

C=A on Mup's chart on the ES?

The resident ET "hyperinflation" fools naively assume that the FED will do nothing to "sterilize" these injections into the system.

Unfortunately, you do not take into consideration the fact that the FED and Treasury will "sterilize" all of the injections that they have been making. As a result, this will not result in what you claim.

:eek:

You make the rather naive assumption that markets are RATIONAL in the first place . . . Haven't you ever seen a market rally off of BAD fundamental news? Guess you weren't around in 1982, or 1990, or 1998, or 2003. Learn your market history. Then perhaps you might understand the FACT that...

Once again, the OIH and the Energy Sector power the market higher . . . Fund managers just can't keep themselves from chasing a rally with the largest cap and most liquid energy names! Just take a look at CVX ( +8.43 ), XOM (+6.48 ), SLB (+6.71), APA (+9.64), etc. OIH +11% today! :)

You must be "new" to the markets. Either that, or you aren't much of a TRADER. My guess, is that it is a combination of BOTH. :D

HUGE buying in the SPY and OIH. Check the volumes and compare them to daily averages.

Exactly.

Yet another FAILED BUSH APPOINTEE. Add Paulson to the long list of incompetents along with Rumsfeld (SD), Gonzales (AG), Pat Wood (FERC), Christopher Cox (SEC), Gayle Norton (SI), Christine Todd-Whitman (EPA), etc. Shocker.

Yet another failed Bush appointee. He has ZERO credibility. Just ask Mr. Market today. Shocker.

There isn't a MAJOR Bradley Siderograph cycle until Dec. 14th - Dec. 15. That having been said, Rosecast.com has come up with a Nov. 12th date http://www.rosecast.com/bradley08.htm Sure like that 5=1 on the SPX Weekly Chart. :cool:

So many pikers on ET. Can't even understand a simple Buffett transaction with warrants. Typical.

You might want to try taking a shower.

Please move this to "Chit-Chat".

Oh, you mean like John McCain wanting to take $300 BILLION of taxpayer money and use it to buy-back bad mortgages FROM THE BANKS ( at highly inflated appraisals ) so that your "neighbor" can re-negotiate his defaulted/delinquent mortgage to a 5% fixed rate while you have been dutifully paying...