Im going to say this on a day the dow is up 140 points to 12430... The correction is not over. These markets will pullback again. A correction doesnt last 3 weeks. Emerging markets are in rally mode as well, china at new highs????? get ready for even more volatiliy and dont be surprised by another 200-300 point loss on the dow in one day.
This is one big short squeeze . Fed is still watching inflation and will raise rates if needed. I heard what was said and I am shocked of the interpretation by the big money. They just took advantage of the high short position, which is one way to play the game....don't hate the players, hate the game
Yep, its all about liquidity. The market was already waiting to rally even before the fed decision was out, look at the way Asian markets closed prior to the decision, I see no fear whatsoever. I figured that unless Bernanke came out and said something really stupid, the market will rally anyhow.