This is why I shorted 40 SPY 117's There are more people Occupying stores to shopertainment than people Occupying Wall street to protest. Indeed, about 600 shoppers were in line at a Target store in Brooklyn in New York when it opened at midnight. By the time it opened at midnight, nearly 2,000 shoppers wrapped around a Best Buy store in St. Petersburg, Fla. Mall of America, the nation's largest mall in North America, had 15,000 shoppers for its midnight opening. And more than 9,000 people were outside the flagship Macy's store in New York's Herald Square at its midnight opening, up from 7,000 a year ago. Read more: http://www.foxnews.com/us/2011/11/2...orted-at-stores-across-country/#ixzz1ejZHfQKY
The quicker the markets drop the more excuse for a santa clause rally to push the SPX right back to 1250+ And everyone thought the SPX was closing the year out at 1350+ HAHAHA FOOLS!
It will be tough for US equities if the euro keeps selling lower as the US dollar trades higher. There will have to be a complete economic perception shift to defeat the currency bias.
Prospect of equity xmas rally strengthens further. The trolls have gone rather quiet and we know why.
Probably because you have 80% of the forum on ignore after they've called you out repeatedly for the schmuck you are.