Posts Tagged ‘mer’
Futures Don’t Look So Hot, Happy To Be Short
It looks like the futures are showing a bad day tomorrow at least for the open. I’m never excited if I’m short, to see the futures down this hard. As I write, Dow futures -286, NDX futures -40, and SPX futures down -35. Like I said, all last week, “Short the strength.” I’m currently heavily …
A Very Nice Day
Nailed 4% and 4.6% on my NDX and RUT positions, plus an additional 3.4%ish from the morning trade window over at Rydex – A very nice trade today. I also managed to buy TWM and QID this morning and took my gains in those ETF’s this afternoon a little early. Both TWM and QID did …
Posted by StockRake on March 17, 2008 in Market Comments
Historic Day Bear Stearns Taken Out For $2
BSC gets taken out for $2 a share today by JP Morgan and the Fed takes on the debt. LEH and MER down hard premarket, while JPM up 1% because they are benefitting from this deal. The Fed also cut the emergency lending rate to 3.25% and opened up the window to Investment banks as …
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