If this is going up, would they want everyone on board? Hell no. Shake out weak longs and trap some shorts. Wallstreet 101
how did you know? With the increase in minimum wage I figure I would try out for walmart, Im in and hopefully I get stock options soon....
Wow, I was here last week and predicted a rally, yes it happened but only a 1 day rally, I really thought there was going to be a follow through rally for the rest of the week, today though is a huge downer, erasing everything gained from yesterday and then some, I would be worried about this market, oil is making fresh 52 week lows and the markets are just falling apart, once we break 17,000 its game over, I will repeat once again, OCTOBER 2014 lows are coming, don't even bother questioning it, its happening.....even thought warren buffet told everyone yesterday to BUY BUY BUY don't take his advice in this 6 year old bull market, its old and tired, there is a global slowdown and the chance now of the fed raising rates is literally 0%, for the next few months all we will hear from cnbc is talk about fed rate hikes, just forget it, once this market rolls over the chance of QE 4 will be talked about more than the chance of interest rates rising....
I covered my SPY short as noted, and now QUNR and VIPS shorts. But not long yet. Still got a couple more shorts.