The market is essentially flat from friday's rally which given the events of the weekend is quite amusing. The market on the upside prices in good news but not bad news. When it comes to bad news the market doesn't price it in until it actually happens and can't ignore it anymore. This is why being short is a loser, the market can be wrong a lot longer than you can be short.
then the reason could be possibility of QE2-3..tomorrow morning bernarke will start blabbing about world slowdown because of japan..you know..the usual... or this- http://news.yahoo.com/s/ac/20110313...g_japanese_economy_may_bolster_american_goods but i kinda doubt the second one..everything regardless made in china today..except maybe cars.interesting to see what will happen with Japanese cars used and new. i think we will might see a spike up
The reason is we have very little correlation to Japan as has been the case for, I don't know, the last 20 years. Trade what you see, not what you think.
somehow I get the feeling Bernanke is not going to be talking up the possibility of shortages in food and energy supplies and the inflationary implications for the global economy! We all know Bernanke is just licking his lips at the prospect of QE3, QE4, QE5, QE6, QE7, QE8, QE9, QE10, QE11, QE12,... when we get to QE999999999999 he can just blame it on a fat finger error generated by the Fed's economists