Small observation. Most don't hold over the weekend, based on majority of forum posts and especially during high volatility now everyone was short over the weekend. FoN
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Don't forget that only applies to day traders. Hedge Funds can't suddenly liquidate 3B worth in MSFT shares in a single session. Stocks have liquidity, but not that much liquidity. If the major funds start flooding the exits, we don't know where this market will go.
agreed. btw we all knew US is not AAA (equally we know it is not AA+). I am surprised everyone is screaming here like it is a shocker... personaly i believe that the equity markets will end higher on Monday after an initial sell-off. why people think we sold-off this week? with S&P downgrade the most of the uncertainty was removed in the short term. what happens in europe next week is way more important than one notch downgrade of US (by one agency only). that said i am more vested in what happens to the USD - which is less clear to me
Obviously lots of people knew about this a few days ago, hence the market action prior to this 'news'. There is so much insider trading Based on knowledge only privy to a few that goes on. It's amazing. Free money to some people. FUnny how people still try to deny that it doesn't happen though! Anyway, i've been short THE MARKET most of the week, and will short again Monday most likely.
Carter was the last US President that could be considered to possess any integrity. Unfortunately. it got him nowhere in the land of guile and subterfuge.
Obamageddon struck today hard. anyone who thought this downgrade was priced in was a fool. not when the VIX was a measly 28's now its pricing it in more accurately. with the Vix at closing 48.