you make no more sense than the bears who fought this all the way up the market goes up, until it's done going up doesnt matter how much it's already gone up same is true on the other side
One thing to watch over the next couple days is USDJPY and EURJPY. Doesn't look like panic to me yet. 0.25% and 0.45% down respectively.
No good justification for the selling. Just panic selling based on some very vague comments by Bernanke and and an interest rake hike in Europe.
Oh, I know what's going on here. I forgot to explain this to you: MOST PEOPLE SELL IN ORDER TO TAKE PROFITS...THEY DON'T JUST CLAIM THE GAINS, THEY ACTUALLY MAKE THEM BY BUYING AND SELLING! Now, maybe that'll help to understand. Proceed with your ignorance.
Once again stock, something you cannot seem to understand. The mkt does go DOWN. What was the justification for buying at last weeks highs? Reading you're posts becomes almost comical. The mkt goes up, the mkt goes down. There does not have to be a reason. Shorting the dow is the easiest trade at this time.
stocks caught a bid as dow tested last week's low. BUT for now the VIX is sticky at an elevated level. Not sure what this means but we'll know by the close. If we have another round of selling and the VIX pushes above 15 my hunch is a number of algo's are going to kick-in and takes us lower.