They figured out that oil stops trading at 2:30 and they can rally then!! LMFAO I do love this game!!
Nope... I guess they got excited cause MER is keeping its dividend!!! This market is so damn funny its incredible... So Merrill dumps billions of assetts at fire sale prices to raise capital just so they can keep their dividend!!!! LMFAO.... wow.... we live in some assbackwards times. Needless to say of course I shorted MER on the news. Probably gonna load up some puts again on the swing account. They just keep giving it away!!!
You do realize that Energy makes up a decent percentage of the S&P, right? CVX and XOM in the Dow, etc.
It looks like you are looking at the right things!!! LOL Yeah... market rallied cause energy stocks are in the S&P and the pop in oil helped them. Give yourself a cookie for that wonderful insight. Don't trade it though.