Bears are so stubborn and greedy..they waited until the last few minutes.....brave brave................maybe ext Monday will be a +400 day id Europe going to lower rate..geithner will be in England & German..maybe this weekend they will lower rate to prove to the man (USA) that they know what they are doing. European like to put EGO first in their way of doing business (I used to work with them for years, good friends thought).
GLD.....The Fast Money guys are so unreal. When GLD was $119 $120 $122..Joe T. and Garmant all said buy buy buy......I remember Joe acted like a used car sale person said with passion saying buy buy buy buy.enough buys..buy buy......he said he talked to fund managers and they ALL yes ALL said to move to gold.....I could feel and smell it that he couldn't wait to sell......well...what do they say now....sell sell sell oil..well, they want to buy now................ they are on the show for their own interests......how many times Peter said..huge call options in stocks...potential buyouts........they are all in deep red zone now..... Cramer is actually ethical....he has money..he doesn't seem to care about material much..he wants to look good even sometimes he doesn't do his homework and made recommendations blindly...he does want to help little guys...... Last week, Paulson. Buffet, Soros reported Q1 ( end of March) their buys and sells. Look at stocks that they purchased in march like gold, MGM for example, they were so low in Q1 (of course they purchased lows in March, GLD was $102.29 low). When they reported and little guys got in is when they got out..........next quarter or next when they report that they sold shares the little guys sell even at lows.....the big whales then begin to buy,,,,,,,the cycle begins and the rich gets richer................well c'est la vie!!!!!!!!!!!!!!!!!