this is a total liquidity bs rally---not based on the economic fundamentals--just purely cash being pumped into these bloated markets--they always wait for no real news--and then pull this shit---this is the third time out of nowhere....just blowing out stops.
But again, all this happened after Paulson was inserted into the treasury---he is responsible for all this cheap money sloshing around wallstreet and thus the world.
The problem is you cannot take a ceo of GS, install him as treasurer, with a president who needs to improve his appoval ratings, so he says sure---trying to win on the economy--this is leftover liquidity from the november elections where republicans were trying to save the senate.
It takes a lot of "cheap money" to do this to the financial markets---it will have consequences--for every dollar up, it will fall two dollars down.
I was wrong--i thought the technicals pointed downward--they do--but when you can manipulate markets--economic fundamentals don`t matter.
That`s ok---my puts expire in january--all unrealized losses today--i fully expect to make 20,000 on these puts--down a couple grand here.
But don`t ever tell me markets aren`t manipulated--every thing about markets is manipulation--they look for the all clear--no news--to blow out key technical levels of resistance.