Bernanke did it again, lifting up the DOW by 45 points. However, investors took this as the chance to get out of the market. Sell the news?
Bernanke already make it clear that QE2 is going to happen. This is already priced into the market. There’s nothing new here. Hence, this is the news. QE2 is here. However, we still do not know the size of it. From Bernanke’s speech, it seems that he himself is unsure too. He is scared to turn America into Japan where QE obviously failed miserably leading to years of deflation.
Looking at both indexes charts, the market seem to want to sell off now. Yesterday, the late day buying bulls are selling them today.
$BAC BUY order at $12.10 almost filled.
3 comments:
add my positions @ BAC and closed my short position LEN today. Happy investing.
add my postions @ MGM too. This is a poker face. Show me the flop tradedragon.
Back in BAC @ 12.07 today. Felt lucky; something tells me it's going to be a good announcement in the AM. Plus my chart finally bottomed.....let's see if I could read a chart LOL
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