Of course, [[GS]] just obliterated earnings estimates, much to the chagrin of those who bet against it. For the record, I have no position in GS, just [[SKF]], which is scheduled to gap the fuck lower at the open.
Aside from Goldman “magic,” [[BBY]] posted kickass numbers, and guided higher for 2008.
Perhaps [[CC]] will, finally, bounce in sympathy.
In short, today looks like a rally day, with a variety of names 2-3% higher—including [[FRX]] (no, I didn’t buy it because of Chuck, morons).
Early going, I won’t fight the rally. I may nibble at some bottoms, while frantically preparing a meatball sandwich.
NOTE: Despite Goldman’s smoking hot numbers, the stock is barely up—a very bad sign, indeed.