bought QID this morning at $57.89 sold $59.89 just a few minutes ago. Hope it drops back down to $57 again some time today....
Cmon...end of day rally? Seen it happen on fed meetings. Fed will do nothing..market tanks for 20 minutes..and then a huge rally in the final hours.
The "yes" votes are going to be screwing themselves into the ground, trying to spin how they "saved" the economy.
The kneejerk reaction is to sell on the news. But the big funds are gonna start loaidng up. This is great news.
The cycle of the Bigger Idiot rule is now complete. You know, the rule that states there's always some idiot willing to pay more than you did. Well, now the biggest idiots of all, the U.S. Government will purchase all that trash and hope to sell it for a profit. Yeah! That'll happen! To add insult to injury they did it with our money, against our will, and provide absolutely no guarantee their plan will work. Only in America!
You still haven't learned from the move in the energy markets leading up to Hurricane Gutav, have you? Buy the rumor, SELL THE NEWS.
IF this had been passed on Monday the DOW would be a 1000 points higher today, trading easy at 11500. Who knows where the DOW ends today but it will continue to be EXTREMELY VOLATILE into the end of 2008.