post-storm POP or the real thing?

The markets rallied 3% after Katrina and then rolled over.
Will Rita be the same scenario?

What do you guys think?

 

Short it asap. We will probably be down today.

 

I noticed a lot of QQQQ being offered very early this morning.
And, also noticed the negative mixed close on friday.
Ten cents off the $39.06 open on QQQQ already.

 

this is nuts, especially DAX and euro indexes. I could see ES +4 but not + 8 as earlier this am. Oil is only down 50 cents and look poised to trade higher. A weaker than expected Rita was already anticipated on Friday, there a longs from Friday. I can't remember last time everybody's prediction come true even Yahoo! called the market much higher! But ANYTHING is possible in this market

 

we'll open up, let's see if it holds

 

today's Fed pump: $10.0b vs. $Ziltch expiring. (overnight rp's) http://www.bullandbearwise.com/FOMOOutChart.asp http://www.newyorkfed.org/markets/omo/dmm/temp.cfm http://www.omo.co.nz/Plots-TIO.htm



thanks Sir Greenprint!!

 

senor liquidity

 

Hi!

Just wanted to mention that you made an excellent call @ 7:30 this morning, whether we finish down or not.

Tony!

 

Thanks.

 

Why were you bearish? Too many people looking for a post hurricane rally? Do you think we take out support?