I'll take any opportunity to bash Bush and company. But far be it for me to wish anyone ill health - perhaps a stay in nice, cozy prison cell would be more to their liking. In the meantime, a sense of humor might be something worth looking into.
I am jamming the spooz higher right now and and DOW futures. I will be dumping into a strong open and fading the rally.
ESZ07.CME E-Mini S&P 500 Dec 07 1,427.00 10:41pm ET Up 17.75 (1.26%) Chart YMZ07.CBT Mini Dow Jones Indus.-$5 Dec 07 12,891.00 10:41pm ET Up 119.00 (0.93%) I'm dumping my long position at about 10AM or however long I can milk it out on someones sorry ass chasing the spike.
I guess the interesting thing will be to see where the futures are at about 7 -8 AM...b/c one thing i can say is that if we fade this move overnight in the futures...it sure could get ugly quickly.
I think +15 holds in spooz and +115 in Dow by that time. Got a strange feeling that gains will hold, get everyone feeling bullish, then a new shoe drops by Wed. F'n Nikkei just did a 180.
True...but honestly...these days it seems it just takes a little time for all the up moves to fade...and if the futures are up like this at 11 -12 at night, just gives it more time to fade back before the NY open. Besides (not that I am an analyst) but this kind of news is not usually the kind that sticks. Already saw some quote somewhere that this just goes to show how the problems are even worse than C has made out to be...will see in the AM!
Yeah, news media will try to pump this as a huge thing but to me is a desperation attempt like the FED cutting rates and pumping liquidity non stop. Won't be surprised to wake up in the AM and see the futures move pissed away. Regardless I will be dumping this long position and re-short probably and fade the DOW. Asia as re-commenced dumping...