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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (87026)4/7/2009 4:36:55 PM
From: HammerHead  Read Replies (1) of 94695
 
I agree, this market is weird. During the weekend I read GM inched toward BK, and yesterday it went up and I don't know who has such guts to buy it. Then the buyers realized today and dumped it. I think the pullback is expected as many stocks such as AAPL has jumped 30% in one month. I expect the banking earning next week (JPM/WFC on 4/16 and C on 4/17) will uplift the market further, at least for the short term. BWDIK.
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