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It's a decent bet, especially if the SPX stays below 1014 which is the .382% retracement. Tons of shorts getting squeezed this morning. If they ever get done covering and some funds pull their "bids" in the last hour, we could see a decent pullback that closes the S&P well off the highs...

1013 in the S&P today. God Bless America! :)

AIG surprisingly swung to a profit and showed less write-downs as expected. 16.5% of the FLOAT was sold short. What else is it that you need to know???

There's an Elliott Wave Blogger by the name of Kenny who has been looking for a MAJOR LOW in the U.S. Dollar which would then take the S&P into Primary 3 on the downside. I bet today's action must be frying his BRAIN!!! :D

Let's face it, this rally has BLOWN AWAY all historical patterns. At this point in the cycle, before a trough in unemployment you usually get a 20% rally AND NOT A 50% rally in equities like we have! Once again, this goes to show that you CANNOT trade the stock market off of economic...

Dollar going to the MOON and the commodity stocks and CRUDE OIL couldn't care less! Looks like the ED really hooked a lot of people, once again!!!

I really don't care who is doing what. I just want to be able to make money off it.

LOL! :p

Got done with the initial selling into the positive opening . . . and now the BEARS are running for cover once again! Coal stocks exploding back upward. Unreal action. Be nimble! :)

OIH not participating in the rally. Energy names and coal getting hit.

Looks like that 15 and 30 year auction of $100 billion is going to go REAL well given all of those flush accounts that the primary dealers will have . . . :D

I just read a research note from David Rosenberg at Gluskin Sheff in Canada (he was the former Merrill chief economist) and he says that at this point in the cycle it is normal for the market to rally 20% ahead of the trough in employment, but not the 50% that it has without nary a sign that the...

20 handle rally on the way??? By the way, it's been reported on several "blogs" that the Fed bought half of the Treasuries 7-year note auction last week, making the results much better than how the 5-year went. That's why Rick Santelli showed so much surprise at how well the 7-year went...

Can't wait for the 30 year Treasury bond auction coming up. :cool:

S2007S has never lived by those words... but I guess you can do that when you "paper-trade" your way to every single inverse ETF from the March lows onward.... and never blow out! :D

You do understand that there are many companies out there (including on the buy-side) that are involved in HFT with algos, right? You guys keep on obsessing with GS as if they control the markets with their HFT when the fact of the matter is that they are just one of MANY players out there...

Yes, they are on the ED Bandwagon. And they feel even stronger than ever looking for the end of the world because the bullish sentiment has now finally risen to the highest levels in quite some time. There are two blogs that I have read lately that are BOTH calling for the beginning of P3...

You do realize that the GOP needs "America to Fail" in order for the Republicans to have a chance at getting back seats in the 2010 midterm elections? Back in 2006, the GOP got their ass handed to them and did not win a single seat from a Democrat in the House, Senate, or governorship races...

You really have no clue, do you?

You need to read the Prospectus on the SRS in order to have a better understanding of why it performs the way that it does... Historical price action is just as important as current price action. My guess, is that 95% of the people that are trading this leveraged ETF have no idea what makes...