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


To: ggersh who wrote (5361)4/22/2009 7:48:10 PM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
It is on sale a whole week.. it is a dilemma. Remember there were two stories early april:
-decreasing house prices in UK and
-then that Mr. Darling elaborates on the sorry state of public finances

Both were ignored by the market for more than three weeks and the pound rallied to 1.50 and more when in fact it should have at least start to decline. But currencies are tricky, they are not supposed to do what is expected first.

Message 25570990

earlier: Message 25570517

I was out at the close but pretty surprised that once more, stocks sold off to session lows. Thin air...more than 20 points off wtf?