Are you kidding? aren't you the one that just started a thread with: "Never ask why in the market, just trade." Better stick to your guns, you might be posting too much.
Yes, gas at my local pump rose .52c in 4 days. Katrina looks like it will end up costing way more than the 25 billion initial estimates. Probably gong to be rough sledding at some point but if the liquidity pump keeps happening it will just make the dislocation that much more dramatic when it happens.
It's amazing that we barely did any retrace at all overnight. Geez. Maybe all the big bears are waiting for somebody else to make the first move.
LOL, I posted almost the same response to one of his other threads. Areyoukidding, you need to pick a side, either ask questions about the market or just trade what you see.
End of month games to "balance the books", Katrina, some news that the big boys are waiting for & we had a few long range days. Then tomorrow Non Farm Payroll. Which means we have a slow overnight market and likely a slow day ahead. Sheesh, big suprise!
This is the first time you've mentioned that you are just "having fun". I dont know what you mean by trading light, this has been a pretty damn good august as far as augusts go, and yesterday was a great trading day. If you were trading oil/energies, there was hardly a dull moment.
I think that there will be a huge liquidity pump to keep things stabilized until growth can pull us out of the hole. If the growth doesn't materialize or is insufficient then we will pay later for what we (central bank and large banks) are sowing now (and have been sowing for a while now).