Forex
To re-cap, the negatives at the moment:
- Bailout indecision / no-pass
- Madoff – this, IMO, is as big as Enron. Affects over BIG 350 stocks!!
- Retail sales tomorrow – anyone expects a good number?
- BofA cuts, over 2 years but nonetheless
Omigod, something’s up that we don’t know about! Yen is in the 80’s and Euro/dollar is jumping around. I’m just relaying info, as I personally have no clue.
Anyone got ideas? Something big is apparently happening, but as usual we’ll be the last to find out.
I’m prepared for a big down day tomorrow, too bad don’t have any index shorts.
Staying up all night! too giddy. Armageddon is upon us again?
I must be nuts to keep thinking this market is going to rally. Time for me to find a hobby.
You may be surprised!
At first I thought “no way I’m going long tomorrow”, but have to see the action. May even buy some SSO if we get to 820, 800… with tight stops though.
Possible scenarios:
– gap down, slow climb up all day
– gap down, slow slide down
– total whipsaw
I should get CNBC because it seems to affect much of the intraday action lately.
They may give TARP money to the autos, that could light the fuse for a bit.
I think you’re on the right side of this trade (for the next few weeks). I’m scared to death being 100% short right now.