Bill will Pass so go long trade seems too obvious

if we drop hard tomorrow (because of job #, or as a reaction to the bailout) buy with both hands, because rates will be cut over the weekend.
 
Quote from S2007S:

Aside from the bill being passed pay close attention to employment numbers, anything north of 115,000 and were headed down. If by any chance job losses surge to 150,000+ expect Dow 10k tomorrow.

However if job numbers are in line 75k-100k and the bill is a positive I think we will see an oversold bounce back to 10500.
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i hope the job number is something like -180,000 - -200,000, that would seriously spice things up this market is so boring and predictable.
 
Here's what's going to happen. Market will tank hard after employment report. The market will get severely oversold, the house will pass the bill, market will bounce hard, and close at or near the open. The bill will be called a success by the huge reversal. But in reality, any slightly positive news will hit an oversold tape for a short squeeze.
 
Quote from RiceRocket:

Here's what's going to happen. Market will tank hard after employment report. The market will get severely oversold, the house will pass the bill, market will bounce hard, and close at or near the open. The bill will be called a success by the huge reversal. But in reality, any slightly positive news will hit an oversold tape for a short squeeze. [/QUOTE

who's still short?
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Quote from staffpro:

i hope the job number is something like -180,000 - -200,000, that would seriously spice things up this market is so boring and predictable.
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i'd love to see your wish come true
 
Quote from staffpro:

i hope the job number is something like -180,000 - -200,000, that would seriously spice things up this market is so boring and predictable.
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If that wound up costing one of your closest family members their, job, I wonder if that would make you happy...
 
Massive "inventory grab" would need a bust of 1100 area first.....Friday trading going into next week has some EXPLOSIVE potential. :D
 
Stock market crashed when they rejected the first version of the bailout. Now they are going to pass the bailout just to save the stock market. The govt knows it will be real bad if they pass it and the market still goes down. The PPT doesn't want that to happen. I don't think we will be breaching the Monday lows for a few weeks.
 
Quote from dumpandbasher:

Stock market crashed when they rejected the first version of the bailout. Now they are going to pass the bailout just to save the stock market. The govt knows it will be real bad if they pass it and the market still goes down. The PPT doesn't want that to happen. I don't think we will be breaching the Monday lows for a few weeks.
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There is NO "credit crunch".

If you have a J O B, and good credit, any bank will give you a loan.

This manufactured crisis is outright theft of american tax payer dollars into the pockets of foreign banks.
 
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