Who wants to be long on Memorial weekend?

Quote from Rabbitone:

Then there is the opposing point of view. Who wants to be short over Memorial Day weekend?:D
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Then there is the middle ground -- who wants to be flat over the Memorial Day weekend?
 
Quote from hajimow:

I predict Friday (tomorrow 5/28) we should witness a sell off in US equity market given the fact that...
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...most runup to a long weekend is bullish... :)
 
Quote from hajimow:

I predict Friday (tomorrow 5/28) we should witness a sell off in US equity market given the fact that that we will have a long weekend and Euro financial problems will weigh in the US market. Today's bad GDP news and its contrarian effect on the market (market is up over 0.7% now 2:42PM Thursday) also justifies a selloff on Friday. Personally I predict a lower consumer sentiment report on Friday which will drag the market down. today's close should be interesting too.
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Well, today's close wasn't interesting at all, or at least no more interesting than any other close, so I'm not sure what that implies for the rest of your predictions.

This sort of "Hey, here's what I think is going to happen tomorrow" is a sucker's game. Just wait for the market action to tell you what to think, rather than try to impose your opinion on the market.
 
Quote from logic_man:

Well, today's close wasn't interesting at all, or at least no more interesting than any other close, so I'm not sure what that implies for the rest of your predictions.

This sort of "Hey, here's what I think is going to happen tomorrow" is a sucker's game. Just wait for the market action to tell you what to think, rather than try to impose your opinion on the market.
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Strong logic, man.

He's just making small talk. Theres nothing wrong with discussing what may or may not happen...
 
Quote from upandcomer:

Strong logic, man.

He's just making small talk. Theres nothing wrong with discussing what may or may not happen...
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I get that, but the thing is that it ends up biasing you as a trader and that is the kiss of death, unless that bias is formed due to actual market action, not an opinion about what market action will be.

I assume the OP is a shorter term trader because he mentioned a very short-term time frame of the 3-day weekend. Well, if you don't think that just about anything, bullish or bearish, can happen over a short period, you haven't been watching markets very long. In that context, why bother having a strong opinion either way?
 
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