$61???? It never went to $447. It's up $40 from that post--- like 8% lol. Throw a dart and find 100 companies that did that this month. Even granny stock Verizon outperformed it.
Strange feeling in the air. I don't trust the next move out of the market no matter what it is. I could see something very dovish coming out of this meeting and the market not taking it well. Perhaps spiking and then giving it all back. If we go down on whatever the Fed says don't trust that either. I'll be back in buying. Instability in the air. The NY Bank news is not good -small regional that bought crap from the other guy there is a problem in the system and all we need is one more bank to flag it for people to pay attention.
Ok walk through this with me. Steve Leisman on CNBC just made a great point. He said maybe the blow up at the Ny bank will force the Fed's timeline forward. I like that. And it would flow into the thinking that the market will ask why? And not like the answer.