*Yawn* Another Day, Another Rally on Horrible News

check out the timestamp on THIS horrible call :D

Quote from stock_trad3r:

buyers stepping in at the magic 2:30 mark. ..cover all shorts now

could see a 150 point or more rally in the final 70 minutes.
 
Down a whole 100 points if you add yesterday's 70 point gain.

The selling can be attributed to uncertainty regarding the auto bailout passing in the senate and rising oil.

However, the bailout will pass, which should be good for a 3% or more rally now that there is uncertainty.

Rising oil and falling dollar is good for equities because it means that the fed's efforts to print money is helping to control deflation and raise consumer prices.

what recession? me worry? no
 
Quote from stock_trad3r:

The selling can be attributed to uncertainty regarding the auto bailout passing in the senate and rising oil.


That's pretty funny.
The market didn't have a problem rallying on higher oil prices for most of the week.
You obviously don't use any TECHNICALS when it comes to your understanding of market direction.
 
Quote from R. Raskolnikov:

Stockie, what happened? The moment you posted go long, it's as if every single person in the world hit SELL :D

I can just see it now ... traders all over the world hanging on his every word - as a contra-indicator.
 
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