If the markets breaks down into the close today and earnings from RIMM and ORCL miss and GDP figures come in below estimates the SPX could easily close below 1040 tomorrow without any hesitation. I bought a could of inverse ETFs on Monday and sold them at the close, fast forward just 2 days and there up another 5-10% since I sold them. I am still holding onto to plenty of short etfs so any downside and my portfolio stays green, but in the meantime went long SMH and URE which haven't worked out for me yet.
hmm, it's been 1.5 months since the flash crash. 1hr to go and no buyers. i wonder if hft traders may decide to pull the plug on their robots today...
I got words they are heading with intent to chop some heads. I got my lower back out few minutes before 3PM. I leave it to you the courageous guys---I am unable/unwilling to fight, because I hear that cowards win fights on streets with walls.
Earnings? What do released earnings have to do with stock prices and markets. R U sure you thought it out? I actually find the opposite true: if market is doing well, economy will do well. It is not stock market leads economy. It is rather that stock market DETERMINES the economy, rather than the other way around.
My father bought calls and bought back his calls he sold on some spy despite the fact we both agree we are headed to 105. I just shook my head. 200 or 300 shares down $1400 in 2 days and he doesnt have any calls out on it.
there is a march to may cluster of lows on the indexes and many stocks, F is a good example. I think this area will be broken soon( not more than 2 weeks) and as in the case of F its lookout below. however I am a major wiener on this and cant get myself to get too short.
RIMM earnings disappoint, tomorrow GDP and and Michigan Sentiment are due out if those disappoint its going to be one heck of day. Already down close to 3% on the week and tomorrow the dow 10,000 hats could be coming out for another weekend party!!!!!!!