Super Strong Volume Today 08-28-08

Quote from Aaron Copland:

Wow seems the big boys are in buying hand over fist today.
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I just hope they do not decide to unload tomorrow or Tuesday on the first piece of bad news.

One-day reversals have been so frequent lately.

John
 
I don't see any reasons for financials to be so strong today
especially since we constanly hear bad news from financials
I thought gdp is more towards the manufacturing side
 
Quote from John Paterson:

I just hope they do not decide to unload tommorow or Tuesday on the first piece of bad news.

One-day reversals have been so frequent lately.

John
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No joke the CME will be open Monday, and if that hurricane enters the gulf this rally may be just like the Bernake bull run last Friday.

Headlines went like this, BULLS RUN WITH BERNAKE. TODAY ITS BULLS BUY GDP STORY.

Just hope know one tells the bulls it was the tax rebates. They might get smart and figure things out.
 
Quote from newtothis:

I don't see any reasons for financials to be so strong today
especially since we constanly hear bad news from financials
More...
This is true but you cannot wait for "all clear" sign.
 
Quote from newtothis:

I don't see any reasons for financials to be so strong today
especially since we constanly hear bad news from financials
I thought gdp is more towards the manufacturing side
More...

Nobody knows what GDP stands for now a days.

John
 
Quote from newtothis:

I don't see any reasons for financials to be so strong today
especially since we constanly hear bad news from financials
I thought gdp is more towards the manufacturing side
More...

Fre Fnm showing strength. The financials were battered terribly on the expectation that the government was going into them. They will live a bit longer, survive? The bets are still against, but they have some life again.
 
Quote from Illum:

Fre Fnm showing strength. The financials were battered terribly on the expectation that the government was going into them. They will live a bit longer, survive? The bets are still against, but they have some life again.
More...
It is not just FNM and FRE. Look at MBI and ABK.
 
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