Fortunately, the public has short memories and this morning everything is just dandy again. Woo-hoo, new wheels, new flatscreen, where's my check bush, I need some new sneaks.
This is pure buying folks. This will be a quick bull run to 1500. Remember I mentioned they would trade it down to 1200-1150, run it back up and then rip the hearts out of all those 401kers and investors. Gotta love them for looking out for ya!
09-17-08 01:02 PM
Well folks here you have it, the bottom. The bear market from last summer just ended here. Buy ES, Buy Goldman. Just buy.
As a very smart man and great trader once told me, "What helps luck is the habit of watching for opportunities."
LC,
They've gone totally insane to cover their lazy, incompetent, arrogant, self-serving, corrupt, lying, cheating asses. It's all they can do to save US, but for how long?
LC,
"Right on option exp, forcing ES back to 1250 by close would be the worst joke of all."
I wouldn't be surprised if we trade up towards 1269 and end the day at 1250. Checkmate for them.