I honestly thought we could have a rally today due to option expiration. However, the strength at the open was quickly sold off– nobody is buying. Just think of 741 as a magnet, because that’s where we’re headed.
We still have 40 points to go on the S&P.
i was expected good rally..but no one wants shares…BAC keep falling…as obama sleeping
SPX needs to hold the line at 779-780 today or its ba-bye.
SPX close was 778.94. So it was off by .06 from my mark.
Talk about hanging on by the skin of it’s teeth!
I smell PPT intervention.
I wouldn’t buy either way right now…. Gotta stick to day trading when the market makes irrational intra-day moves!
Ugh, I just looked at STP, my pick for the stock of the year competition. What a fantastic homo-hammer it received today!
Now, I only need a 100% return for the rest of the year to even get back into contention. Awesome.
AMERICAN FUCKERY!! Hey Rajun Cajun, Fly is making more sense by day. It is great to here his honest opinion because this market id so freaking whack
I bet we get there today or Mon.
The day is not over yet RC. The last hour will be telling as shorts may start to cover, not wanting to go into a weekend where there may be some kind of announcement about the bank plan. I mean they have to announce something soon as BofA and C are crashing. They may announce nationalization or not. I know that they probably don’t want to nationalize because they don’t want to kill their friends at PIMCO and the like who are holding all those bonds. I agree we hit 740 on the S&P and its game over next stop 650