iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
21,906 Blog Posts

Markets Reverse Up

A best case scenario for bulls is playing out now, as the Dow lifts more than 550. We saw futures recover after comments out of Russia that seemed diplomatic. On that news alone, European stocks boosted higher and here we are early on with a rally.

Not all stocks are up due to specific events underway with liquidations and n I’m sure markets will scare us a little today with an hour or two of red candles. But if we can stick a rally today and close strong, we might be able to salvage something from January. To make me reverse course on recession for 2022, I’d like to see a 5% lift from here.

I am still 75% cash.

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4 comments

  1. traderconfessions

    Durable goods orders up 12% in December and 17% compared to pre-pandemic 2019 levels. Recession??

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  2. profiteerer

    Not looking so good for the bulls now.

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  3. og

    Sell the rip. FML…

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