we had to beat the dow didn't we?, page-9

David
Any smart investor from the US would only come here to short. So the market looked like most days, excellent. Lol
As I said, report has truth but I wrote it in a scarcastic overtone. It's unfortunate but the best way to make money on our market is to have money on standby for days like today because they are a regular occurrence. Buy on the peoples' fear and sell on the pump. Then don't trust any stock that has an upward movement, wait for the reversal. It always comes. Any stock that starts to recover is always kept in check on exaggerated sentiment. We are all aware that 120 points up proceeded by 279 points down with data that HAD strong overtones that the data may be distorted in the quarter by natural disasters and supply interruptions from Japan. Germany who originally wasn't keen towards the Greek debt announced they would lead the bail out. Sure, a bail out which has a high probability of being revisited. Rating agencies can't accept this so have to harp on that it's still considered a default. No it's not, they haven't defaulted.
I understand the economics of our markets and their complex interactions, however, something is either a problem or it's not. The rest is a play on sentiment. We all know that in a few sessions the Dow will bounce to give sentiment to cash in the cheap buys, lol
Difference is, the US can afford 279 points down. After all, 120 points was 'on the house' from the previous night. We just go one step forward and 2 back.
Hope you all trade well and the above is in no way any where near the full picture. You all seem cynical enough to join me in laughing about it.