Lisa,
I'm still bored. I'm going to wash dishes now. >>> ggggg <<<<
If the market continues this way for the rest of the week, I would believe that the end-of-month rally actually got an early start.
Frankly, I hope this market moves another 200-400 points this week, so I can do my shorts earlier.
The DOW and the BKX are up big, but WFC is relatively flat. That's a good sign.
This is speculative, but it appears that the bond market and stock market is discounting the recent agreement amongst the oil producing countries. I understand that they will have another meeting soon.
Crude is up almost 50 cents today, so it appears that the crude oil market is not taking them totally seriously, since many feel that it is just talk and may not have substance since they hardly ever agree.
Frankly, I think this type of thought may irritate them, and I would believe that aside from the loss of revenues, it may be a matter of pride that they ensure that this agreement works. Maybe I am totally off base but iif there are signs that this agreement will take effect fully then it should hurt the stock market again. I think that they are getting pissed that the world market is not taking them totally seriously. Nothing like an angry tiger.
Seeya
Seeya |
