Hi dave,
Yep, a great holiday thus far. Don't know about this evening and tomorrow, though. Not sure if I can stay awake trading options after today's homemade meals of nice moist turkie, mashed tatoes, buttered bunzz, fruitie jeLLO,...
Yep, this political feud has truly taken a toll on the markets and everyone's psyche, not including deflated pockets.
Do you really expect Allen & Co. to cut rates next FOMC? Knowing our political hometown, things rarely proceed beyond a turtle's pace ;-). Earliest maneuver in 1Q 2001 once political murkiness is gone?
But, still hopeful for a quick political solution, along with positive moves from the "Santa" Fed.
In this type of bear market, we believe it is almost useless picking support levels for the NASDAQ, as they simply are penetrated as if they are not on the chart
So true, as poor psychology and emotions have clearly overtaken this market. Quite apparent from indiscrimate dumping of quality techs, particularly BRCM.
Thanks again for the article.
/a,
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