All bad news today. Expect for a big red day

Discussion in 'Trading' started by hajimow, Oct 14, 2010.

  1. Pre-market is an inch up now but we have the following bad news :

    1- Unemployement increased
    2- PPI incresed by 0.4%
    3-Trade gap widened

    After recent rally and current bad news watch for a sell-off
  2. Should dump my bac. It is very ify right now!
  3. The reason that you see market is up an inch before open is retail investors who don't follow the news and see the market was going up are buying. Again they will get burnt. Big investors will sell today.
  4. the1


    The market has been shrugging off bad news for quite a while now. BUY

  5. jonp


    big investors will sell today, but the government will keep on buying. I wouldn't be surprised if the last 6 weeks was in fact the qe2, maybe it can continue until the elections and then on Nov 3rd big ben will come out and break the news.
  6. Remember bad days are usually very bad. If you are long, you want to throw up in those bad day. You feel it is the end of the world.
  7. ES tends to go up in general.
  8. The amount of complacency and number of dumb bulls is reaching epic proportions. SELL.
  9. Based on what? Have you actually been trading (or at least following the markets) for the last 10 to 12 years?

    If you're talking very long-term, maybe, but there's really not enough decade-over-decade data to prove the "stocks in the long-term" thesis for U.S. markets.
  10. Did OP forsee the 10% rise over the past several weeks? Or does he post only bearish items? Thanks.
    #10     Oct 14, 2010