Commodities & Equities Futures are already pointing the way. About time: GE=7.50=80 b market cap=you could buy GE and sell off the parts for twice that=major value buyers stepping in here=bottom in for sure=up1500 quick points. Those lucky enough to have bought calls today will make a small fortune over the next 3 weeks!!!
You are confused, we are in due order for a technical bounce, however make no misteke over the long term we are headed lower. I said 7250 on DOW 16 months ago, I now beleive that 4880 is a distinct possiblity. Enjoy!
Bad news for the market. BS was a near 100% fade in the past. Hope he has lost his "touch". Or this market is going down hard...
BlueStreek Registered: Sep 2006 Posts: 796 02-20-09 03:18 PM I watched GE today, Rimm as well: usually options expiration work is done on thursday, but today was quite interesting as many "interests" were at play trying to square up their portfolios. I bet GE climbs hard next week--next three weeks in fact.