Black looks good.
Mark my word right now is 3-2-08, tomorrow dow -300
- Thread starter ChrisMMM
- Start date
Black looks good.
Emergency meeting of the Fed tomorrow. Most likely they will cut. You just got kicked in the groin on your short.
http://www.federalreserve.gov/boarddocs/meetings/2008/20080303/advancedexp.htm
http://www.federalreserve.gov/boarddocs/meetings/2008/20080303/advancedexp.htm
Do you honestly think that they have any credibility at this point, or that additional rate cuts, which thus far have to produce tangible results for the consumer (mortgage rates have gone up), are going to save the markets?
If you don't think the markets will go up on a rate cut keep dreaming. Hold your short and get slaughtered. Fed trying to get ahead of the curve once the market perceives they are ahead and not behind watch out.
Must admit love the fact shorts have been celebrating all weekend only get undone come Monday. I short at times but this time I am on the long side and about to get paid
Must admit love the fact shorts have been celebrating all weekend only get undone come Monday. I short at times but this time I am on the long side and about to get paid
I would be more impressed if you had written this a few days ago, when the S&P futures were trading around 1390.
I would be looking to COVER Monday and go long. A nice gap down to scare the bejesus out of the weak longs sounds about right.
I am long the S&P from 1323 after having gotten out of my longs over 1385 (I only made a little money going short--less than I should have).
Man, you bounce devotees are missing the intensity of the adverse fundamentals that are driving this now more likely than not secular movement.
you might want to cover
http://www.federalreserve.gov/boarddocs/meetings/2008/20080303/advancedexp.htm
could be a cut tomorrow
http://www.federalreserve.gov/boarddocs/meetings/2008/20080303/advancedexp.htm
could be a cut tomorrow
