The fed meeting was actually bullish because the slower growth increased the odds of rate cut. When the fed keep repeating 'slowing growth' he is hinting at more cuts. All the losers dumped and went short. Huge funds step in and squeeze them out.
please ...... trust me dude ..you don't want these sharp spike ups .. you would rather have a nice base form ...this is not bullish action ..its very very bearish action ...
I should create an alias and salvage ST's psyche. Post bearish option plays from here forward and make the "Index" move to new highs!! Mark my words Stock_Trd3r. If you went bearish RIGHT NOW with short call sells and put buys in RIMM/AAPL/BIDU/GOOG you'd be so profitable by Christmas yes, even now. paySense
turder .. these are bear market rallies ..they are designed to make the longs feel all warm and fuzzy inside ... sort of like the way you are feeling right now ... i am in cash .as i am a trader ..i really don't care where the indexes end up ..but i am telling you ... we will not see 14k this year as you believe ...
I have delt with pecimists such as you before. They talk a tough game when the market is falling sometimes resorting to ad hominem put-downs, but then out of the blue the market rebounds huge for a single month to record highs (post feb 27th, august 16th, summer 06), and they are gone or have a new perspective. it goes soemthing like this: "What happeend? Markets at new highs? I thought we were going to go much lower!! My pals on ET told me that the economy was in the **** and I should stay short. Now I'm neck deep in horse **** cause I overleveraged and blew up"