Never a down day in the land of perfect, where every day is an up day. No one even needs to work... just buy stock index futures and kick back and make free money. By the time all this is over everyone will be a millionaire, no more poverty.
You have to admit...anyone who was already in over their head on long margin yesterday did not have a good first-half-of-day today.
All is well in the land of perfect, the SP500 & Dow ended flat. This will encourage more to buy dips, train them like circus monkeys.
All ready for the midnight rally, doubt we get two overnight sell off's. Even if we did, its pretty obvious the trained monkeys will step in and buy buy buy.
Hey Rick...Have you noticed that with these equity indices, Thursday is usually the sell-off day, and then there is a Friday rally to new highs? I've been seeing this in the limited time I've been watching them. It is uncanny. It didn't happen last week because of the strong bull run. But these Thursday sell-offs seem to be a pattern, anniversary of the 1987 sell-off notwithstanding.