Since last Thursday the SPX is up about 50 points or almost 4%. This is what can happen when bad news–or any news–stabilizes.
We all know all the ills of the world. But it is an election year, folks and it is Option Expiration week too. Plus, again, Uncle Ben is here “if needed”. Never mind about volume.
It’s all good. Remember, uppy goody, downy baddy. And we’ll be at Dow 13k by Friday’s op-ex.
3 Responses to Another Week, Another 50 Points
I like Big Daddy behind me with the wallet just in case.
Gives me a sense of “I can’t lose.” It’s a good feeling ya know?
And we’ll have fun, fun, fun, ’til Bernanke takes QE-bird away…
Hi Scott, you called the reversal at 1325 and I went long a bunch thanks to you!