What’s more entertaining than listening to self acclaimed PROS that Tuesday was a SCARY REVERSAL!
PROS are shorting the markets now.
What’s my stand here? I know I have been waiting for a huge correction for sometime. Recently, I have scaled down my expectations to a small trivial correction.
Why is that so?
Initially, I thought QE2 was gonna be a flop. The market would just sell off after the so called QE2. However, the market refused to budge. It did not sell off on the news.
This is a sign that we are on a breakaway rally – a rally gone loose….
Then Today came. Today, treasury sales sucks. And that caused stock holders to panic and started selling --- the scary reversal!
I saw it quite differently though. I think market participants are more concerned about when the correction would happen. The market is testing supports and see whether there could be a panic shock. If the market holds at 11300 and 1200 for the DOW and S&P resp.., I think this rally will really be a loose one.
As I said again, I will be on the look out for a correction. But my instinct now tells me that it may not happen anytime soon. But hey, I could be wrong, and some might go against me if I give a concrete opinion haha..
So what say you then? Rally to continue or stall or correction big time?
Let’s get the next poll up and decide ourselves without CNBC manipulative VIRAL marketing.
I will check out on this company, let me do a simple DCF on it. But something tells me that this company is in big trouble due to poor operating model. GAP – The Great Atlantic & Pacific Tea Company, INC
LLNW looks great too. Why did it jump 18% today? Due to the Akamai thing with Netflix?
My favourite NEW YORK halal food truck
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