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Knock Knock, Who’s There? Its The Fed + The World
07 Oct
Posted by Sensei @ 9:11 am on Tuesday, October 7th, 2008 in Market Comments, Trades
Its the Fed, the world, the PPT and they are about to rip the short’s face off.
If you didn’t cover yesterday, and you decided to go against me and these signals overnight because you thought BAC still matters to the markets. You are fatally flawed. Today’s move will likely make the Friday entry profitable.
Seriously, don’t be short here if you enjoy money. I have two open market orders to buy SSO.
Tags: commercial paper, money
View Comments
poi
October 7th, 2008 at 12:44 pm
1what price are you trying to pick sso up at?
StockRake
October 7th, 2008 at 1:26 pm
2Here.
Expecting another eod rally again?
poi
October 7th, 2008 at 1:49 pm
3The markets are way oversold. It's amazing they haven't had a significant bounce yet. There's no logic to them at the moment. Gold in any other market would be well over 1,000 / oz now.
Some are saying the dow will bottom out around 8,000 – last week I wouldn't have believed it, now – I'm not so sure. It's certainly possible.
Here's hoping we have a huge up day before then though – so I can off-load some of my longs!
poi
October 7th, 2008 at 4:44 pm
4what price are you trying to pick sso up at?
StockRake
October 7th, 2008 at 5:26 pm
5Here. I already bought SSO today at a horrible price. Holding onto it though till Friday where I expect it to be profitable. I wish I waited though again.
Expecting another eod rally again.
poi
October 7th, 2008 at 5:49 pm
6The markets are way oversold. It's amazing they haven't had a significant bounce yet. There's no logic to them at the moment. Gold in any other market would be well over 1,000 / oz now.
Some are saying the dow will bottom out around 8,000 – last week I wouldn't have believed it, now – I'm not so sure. It's certainly possible.
Here's hoping we have a huge up day before then though – so I can off-load some of my longs!
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