yup markets moving higher time 2 buy as i said this morning Although they weren't good, the housing numbers indicate less inflation and thus less possibility of a rate hike thats what the markets is receptive to
Amazing! It would take a terrorist attack, I'm not joking, to hurt the market now. And even then, it would just be bought as a patriotic dip. I'm flabbergasted! :eek:
I kinda hope the markets do selloff today so that Tradertim can act all glib again and post his video clips, the funny log-graphs with the cris-crossing lines, and the bask in his single-day selloff glory about how he 'bought tons of puts on friday' and then BOOM!! more buying and new highs if the markets do go green hey I make more moeny so its all good
My concern(not really because I'm short mortgage stocks) is that Asia is going to selloff after that housing report. Europe closed mostly in the red...we might see what happened two weeks ago...it took Asia reacting to our bad housing news for us to react...too silly.
2 hours to go, im almost certain they will throw the NDX in the green. Amazing how the nasdaq has crawled back...with news like we had today there should be a definite 1% selllofff across the board, especially after coming out of one of the strongest weeks in a year.