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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (88608)7/7/2009 3:25:38 PM
From: fred woodall  Read Replies (1) of 94695
 
Another stimulus plan in the works suggests something just broke in the fin. arena. Absolute total insanity as they haven’t even spent the money on the first one.

Let me see we just broke support and the market will probably continue to sell off the rest of the session on terrible news.

Tech. earnings hopes really don’t matter at this point and GS earnings are no doubt already priced into the stock.

Banks going under with a mountain of foreclosures and layoffs coming. Market will probably rally to a new high tomorrow……

Still holding short positions. Note: GOOG looks like grim death below 400 here.
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