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More rally today? or selloff?
- Thread starter stock_trad3r
- Start date
Quote from stock_trad3r:
more bullishness http://finance.yahoo.com/tech-ticke...s-'Buy'?tickers=^dji,^gspc,^ixic,QQQQ,SPY,DIA ]
Stocks are hugely undervalued
No, stocks were so obscenely overvalued (as with real estate, etc) that this huge "crash" is actually things returning to a more reasonable value.
Undervalued my ass. We just went through a credit bubble that finally burst. This crash is more of a return to reality than a chance to buy undervalued assets.
Go PPT Go!
Aww so close. almost made it green.
Quote from bond tr4der:
spolke too soon. PPT rally is underway. Gee, I hate these guys.
LOL....like the PPT would get involved on a mild sell-off like today (if they even exist at all).
Nope, this rally into the close was simply the institutions getting long on bargains after they pushed prices lower on low holiday volume earlier in the day. Look at the lazy drift lower compared to the burst of price velocity and volume the last 30 minutes.
Quote from sandygray66:
LOL....like the PPT would get involved on a mild sell-off like today (if they even exist at all).
Nope, this rally into the close was simply the institutions getting long on bargains after they pushed prices lower on low holiday volume earlier in the day. Look at the lazy drift lower compared to the burst of price velocity and volume the last 30 minutes.
Maybe you're right. The notion that the government would intervene in the free markets is silly...