I wouldn't want to be net short either. There were rumors earlier today the Fed might announce a cut today after the close. Not sure who's more scared, the bulls or the bears.
It's all about the last half hour. I hope we sell off hard into the close. That turn around into positive territory mid-day was all short covering and locking in profits. We should re-test last Friday's close I hope. This crap with the Fed adding liquidity is really gay and i don't buy it.
they wanted to make the market dangerous for both sides technically, it would have been a sure thing short otherwise fact is, no matter what happens, there could be a massive fed induced buy spike at any time manipulation/intervention in it's purest form
Yep, all this nonsense talk of adding liquidity has kept the market from really diving today. But we have 2 hours left and anything can happen. Yeah, a 3rd time...keep pushing that crap..... Stay short...let's get those curbs in!!!!
If the fed cuts they lose all credibility. The mkt would get destroyed if they had a suprise rate cut.