SPY at 121.40 area, which is only 4.50 from TJ's guess-estimate. The rise was very fast, and market never looked back to the level where it was since the start time of this thread. I am starting to worry about a retreat.
Equity sellers return so more buyers vs sellers market chop. USD strength is resuming. SP500 short 1,203.00
Maybe it has something to do with his posting history. Which is atrocious. http://www.elitetrader.com/vb/showthread.php?s=&threadid=221311&perpage=30&pagenumber=6
I think some folks got caught with their shorts (& curlies)... I'm pretty sure this is for real. Last Friday's close got everyone spooked, and got all the doomsday threads out around here. It did its job; everyone is nervous. Nervous is good.
It's all up to Banana Ben next week. Operation Twist is priced in. This week, I think additional purchases were priced in as well. Ben has a lot to support or it's not going to be good. Of course, Ben will likely kill any chance Obama will get re-elected (if one remains) when gas goes back towards $4. What's a Keynesian to do?
Thanks Shortie. Your demonstrated fairness must make a lot of people green with envy! If I get something wrong, I like to think it is because of skill, but if I get it right it is likely because of luck.