But Europe can easily gap down tomorrow -- which means the US can easily trade down for the rest of the day and close at lows. Does anyone really want to hold longs to see what happens to Greece? Even if not a repeat of 2011, it is surely good for -1% or -2%?
1-2% is a nothing correction now a days, especially after 175%+ worth of gain in 6 years! wallstreet will cry over a 1% correction but in reality its a worthless correction when you have stocks up hundreds and thousands of percent in only 6 years.....no worries in this market.
Well what do you know, Greece asking for an extension.....if the market didn't sell off today on no deal, an extension should boost the markets at least 2-3% this week alone.... But I still ask myself every single day, WHERE ARE THE FREE MARKETS!!!!!!!!!!!! Greece will ask for bailout extension on Wednesday: Reuters, citing source CNBC.com staff | @cnbc 16 Mins AgoBreaking News 7 SHARES Greece will ask for an extension of its loan agreement tomorrow, Reuters and Dow Jones reported, citing sources.
when I saw the dow down over 50 points this morning I thought that to be one of the best buying opportunities of 2015
Chinese startup gave away teslas as year end bonuses.... its like the dot com world all over again... http://www.cnbc.com/id/102431186
I have noticed volume is anemic as we continue to break new highs, but we all know light volume now a days doesn't mean much, seems nothing means much when the markets are at new highs, as long as there at new highs....should be an interesting close!
ZER00000000000000 RISK Investors will also be looking ahead to Wednesday, which brings the minutes from the Federal Open Market Committee's most recent policy-setting meeting. With "Fed minutes tomorrow and other economic data, (we're) poised to move even higher in the days ahead," said Peter Cardillo, chief market economist at Rockwell Global Capital.