XJO 0.10% 7,767.5 s&p/asx 200

Possible reasons for UP market today..> short squeeze> bottom...

  1. 1,082 Posts.
    Possible reasons for UP market today..

    > short squeeze
    > bottom pickers
    > yes nothing has been fixed, but nothing really changed in the last few weeks either! we already know USA is bankrupt
    > inspite of the gloom campaign, companies keep making profits.. e.g. Banks!
    > the same computer algorithms which sold off are now buying in.
    > you can't completely ignore fundamentals either, especailly over the long run

    So...

    a> it all goes around again
    b> it seems to be a shorters/bears world these days
    c> its all gonna end in tears!
 
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