i feel nostalgic today. just two years ago markets still managed to surprise a few folks after a relaxing weekend.
thestreet.com poll is bullish. in recent months this bullishness reliably guaranteed 0.1% dips. Bullish 66.83% 264 votes Bearish 19.24% 76 votes Neutral 13.92% 55 votes
Hangin' on to my short-term bearishness. Gold has gone straight down, even though the dollar was crapping out. It was - correctly - foreseeing more tightening from China, and Trichet going back to his default mode of tightening based solely on what's going on in Germany. The rally will pause when investors wake up and smell the tightening.
Steve Jobs news can't be good for AAPL but what effect will it have on the general market? ~1.5% NQ and -0.3% ES right now - this is not much. AAPL is 13% of QQQQ, does it mean AAPL will be down 10% tomorrow?
wow, i had some old data from a website. so AAPL could be down 7.5% to account for 1.5% drop in the index if my math is right
Apple makes up a huge part of the NDX 100, HUGE!!!! I think tomorrow apple opens at the low and they just bid it higher, this is one of these "buying opportunities" as everyone will scream when its down below $340 tomorrow morning. Before you know it the market will be bright green by the closing.
Futures already turning to the upside!!! S&P FUT 1287.5 -1.9 -0.15% DOW FUT 11729.0 4.0 +0.03% NAS FUT 2299.25 -20.75 -0.89% OIL 91.2 -0.34 -0.37%
too bad the market did not dive overnight >3% on AAPL news. would be cool to see Ben in a hurry to announce QE3 in the wee hours of the morning.