Shortie: immediately before your posted it was at its high in the day, and immediately after you posted the dollar started weakening. Are you taking your profits on the dollar? If so, do not over do it as you may create a fall in the dollar, and if they break yesterday's high, one would have to do the whole work again.
nowadays i mostly watch. but i do recall the day when George and I crashed the British pound... good old days!
guyirls, the market is not allowed to fall until Wednesday, Nov. 3rd. Well, maybe Tuesday pm on the 2nd.
I always find the santa clause rally amusing because even if the markets run up another 10 or 15% by mid december the bulls will cry for more gains going into the end of 2010, hoping for the santa clause rally as though the markets didnt provide them with plenty of gains already.
Don't expect Santa. Those rallies usually occur when there's a big correction in September through mid-October...or at least a flat period. Then the rally starts in late October and runs through the beginning of the next year. If certain seasonal trends are out of whack (i.e., extremely strong September), it usually throws off other seasonality. This year has 2007 written all over it. Big rally starting at the end of the summer based completely on Fed actions (and assumed actions in the future). Commodities rallying even more than stocks while the Dollar tanks. Valuations at very high levels.
Last night Dow futures off around 60-70, this morning down around 35. Bulls buying any and all dips. They can't chance any downward pressure.
Turn around tuesday is what its all about today, looked like the markets were going to sell off but just like that the turn around came and new highs are coming close.
not many mention Fed minutes later today. i interpret this as no significant development is expected.