Funny how after hours futures ES was down 10 handles after AMEX bad news, then way before market opens the ES becomes positive and rallies on BAC (fudged) better than expected earnings ! SEC must be on holiday ???
Actually, it is funny seeing how a bunch of Bears probably went full on short at the news only to get raped. Trading is never that easy and obvious.
BNN Appearance: Shorts, Bounces & Banks Posted by Barry Ritholtz on Tuesday, July 22, 2008 | 02:00 PM http://bigpicture.typepad.com/ For comments on BAC earnings.