- Jan sales up .3% - Treasuries fell - Crude oil inventories rose less than expected causing oil price to rise - Bush signed $170B stimulus package
SELL THE RALLY. Last time the dow ran to 12700+ everyone was thinking theres nothing wrong with the economy, days later the markets dropped 5%+. Sell the rallies buy the sell offs, simple as that. The economy didnt get better because the dow rallies 150+ points....
Carry trade strategies have become more uncorrelated to daily SP500 returns about 1 month ago: http://img220.imageshack.us/img220/2659/63411776fh3.png Might just be a temporary disconnect.
the street senses that the current administration will do anything to prop up the economy;the signing of the stimulus package is really what did it today.also,options related to an extent i would imagaine.
Think about how much money came out of world markets in January. Now that money is getting put in different places. New trends will be started.
I wouldn't be surprised if at 3:45 or 3:50 a algorithmic selling program triggers a selloff. lately it seems like the market has been brutal as hell, reversals at the last minute
Excellent graph, much appreciated. Now, don't you feel better providing a possible answer rather than a smarmy comeback?