Funny how the shorts continue to "pat themselves on the back" and yet the market rallied off the October 3rd date like a Patriot Missile. SMH now trading +.59 on Deutsche Bank upgrades to INTC and TXN. 38.28 last.
If you'll read the FIRST post of this thread, the one that started it all, maybe you'll understand why I'm reluctant to waive a white flag. Or even better, look up the meaning of "thereabouts" in the dictionary. And please start your own thread with this SMH crap. It has no place here. Your thread can be called..."trading SMH".
Oh, I'm sorry. I could have sworn that this was a thread about trading, and usually sector leadership is important to how strong a market is. Perhaps ET should rename this the "Romeo & Pabst" board. Duh. December S&P: 1041.00
Monday before options expirations ( Fri 17th ) UP 10 of last 12 years. Have a great Weekend everybody!
Pabst, i'll see you in the world series. What a thriller last night. Is it any wonder why so many can hate the red sox? I mean come on, ramirez trying to incite a riot over a high pitch. martinez throwing a 70 year old man to the ground? And some derelict grounds keeper picking a fight in the bullpen? No wonder they're cursed.
The curse of the Bambino continues to haunt the Sox. That's OK, I wouldn't mind the market moving higher after the Yanks win the world series. I've never spent the time to research it, but I think everyone's favorite CNBC talking head, Maria B, did a report on it. She claimed that the market does indeed move higher after the Yanks win the big one. Could be true, they're not usually know to exaggerate the truth over there (right), so we'll see.
That's interesting, but I think it's just a coincidence. The Yankees seem to win alot, and the market moves up more then it moves down. Maybe these two phenomenon are just higher probability situations coming to fruition.