I'm going to sell into this rally today. You have to take the view that the market is still being manipulated by the FED's stooge bankers (JP Morgan etc) that will swing the market either way based on how many are loaded (long & short positions).
So, my theory is the longs will liquidate their positions and go short, then the FED will burn them with another rally (they don't have to do much, just stabilise the market and let the punters flow back in).
I still think the overall US market is doomed, but the real fall won't come until all of the gamblers are dead, whilst the big players (like Buffet) sit on the sidelines and watch it burn.
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Last
2,958.8 |
Change
17.070(0.58%) |
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| 2,958.8 | 0.00 | 0.00 |