there was no good reason for the selloff citi news increases odds of rate cut time 2 buy this di[ odds are this market will rebound today
"there was no good reason for the selloff citi news increases odds of rate cut time 2 buy this di[ odds are this market will rebound today" Today could prove to be the exception, but gap down days where gap does not fill in first hour rarely reverse strongly late in the day. i.e. tend to have trapped longs in the market which is reason gap doesn't fill
unless another rumor comes out at 3pm that the federal reserve will have an emergency rate cut of .25 sometime next week..... :eek: :eek: :eek:
Anyone remember the big selloff two firdays ago? it completely rebounded and the nasdaq made news highs again. The same will happen here. Buying some FXI calls here and some RIMM
2:30 rebound for the past two weeks its like clockwork I suspect this has a lot to do with uncertainty and fear of