If this pre-fed cut crap can get out of traders heads, this market can really waterfall. Would love to hear the media hint at a hike....lol
From the looks of it, I don't think anyone wants to be a hero in the last hour. The head traders are already headed to the Hamptons, a big selloff would be a good buying opportunity, but I think the boys will keep the selling contained so that weekends aren't spoiled.
The only thing that Bulls have going for them right now is this pre-cut hype to bail their sorry asses out(again). I would to hear someone like Greenspan make a public opinion and say how wrong that would be at this juncture.
Greenspan, the king of bailouts. The crash of 1987 haunted him throughout his whole career. What a pathetic man.