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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Podsiadlik who wrote (4483)10/24/2008 6:10:08 PM
From: RockyBalboa  Respond to of 6370
 
Thhe buying was artificial. if they didnt crash the tsy and bought the limit offer of nearly 200k contrscts... we would probably have traded to 7500or below 800 in the S&P.

But... its the market. Overseas markets didnt have this kind of luck,

Fundamentally, the market is pricing in a serious recession but it is, despite all the governmental propaganda hard to see how a quick way out would look like.



To: Kevin Podsiadlik who wrote (4483)10/24/2008 6:28:34 PM
From: RockyBalboa  Respond to of 6370
 
THanks to gold, GDX is one of the few things which ended green today.