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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from hulkgogan:
CNN Europe was saying Bush is giving a speech Friday where he talks about a subprime homeowner bailout.
But when I read the report below, it sounds way more modest than that:
http://www.reuters.com/article/wtMostRead/idUKN3020319820070831
Great. Bush is going to get involved. And that's bullish?
whatever he says it will be rocket fuel for the market. We will hit 300 point on Friday if not more and once the momentum hits the street, there will be no stopping this pig. Just like a couple of days ago when those stupid minutes came out. Market went into selling mode and then into a tailspin and a free fall in the last 40 minutes. Same scenario will occur tomorrow but in the up direction.
Quote from saxon22:
whatever he says it will be rocket fuel for the market. We will hit 300 point on Friday if not more and once the momentum hits the street, there will be no stopping this pig. Just like a couple of days ago when those stupid minutes came out. Market went into selling mode and then into a tailspin and a free fall in the last 40 minutes. Same scenario will occur tomorrow but in the up direction.
Or are the futures pricing in good news tomorrow and we sell off on the news ?
Perhaps but a much greater probability is that the news is going to move the stocks higher. It can only be good news since until today Bush did not care and was not planning to do anything. I think it is more than certain that he is going to bail those who count which are his folk (rich and powerful) and also he is going to throw a bone to regular folk, after all elections are near. So both sides will get happy and markets will roar. Watch my words tomorrow.
buy the rumor, sell the news.
beware of the H and S in globex right now
beware of the H and S in globex right now
Quote from volente_00:
buy the rumor, sell the news.
beware of the H and S in globex right now
looking @ the same thing wondering whether i want to short b4 i go to bed. this run up is just way too easy- same thing happened a couple times (one in each direction) a couple of weeks ago- both were bogus and sussed out in the morning.
what to do, what to do...
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