Stockie, what happened? The moment you posted go long, it's as if every single person in the world hit SELL
Down a whole 100 points if you add yesterday's 70 point gain. The selling can be attributed to uncertainty regarding the auto bailout passing in the senate and rising oil. However, the bailout will pass, which should be good for a 3% or more rally now that there is uncertainty. Rising oil and falling dollar is good for equities because it means that the fed's efforts to print money is helping to control deflation and raise consumer prices. what recession? me worry? no
That's pretty funny. The market didn't have a problem rallying on higher oil prices for most of the week. You obviously don't use any TECHNICALS when it comes to your understanding of market direction.
I can just see it now ... traders all over the world hanging on his every word - as a contra-indicator.