Tech leads the market higher! The NASDAQ closed up 4.14%! Say it ain't so! Wasn't that advertised yesterday! And eBay tacks on 5%!
RIMM moves up 6.36%! Say it ain't so! Wasn't that advertised as a buy here Friday, despite it being downgraded with a target of 30 by Think Equity who forgot to think?
RIMM will see 55, before it sees 37!
What happened to the sell-off yesterday afternoon, that supposedly was the end of this rally?
The point is, we are at the start of a generational massive move in stocks, yet nobody is buying. But higher prices are forcing the shorts hands, and they will force the bulls!
Does anybody think the markets are going to wait, to make the bulls comfortable?
Life doesn't work that way, and neither do markets.
At 3:30 today, you had a trader from the floor telling viewers on CNBC that in late 2009 and early 2010, that people will then be able to make money in stocks.
Sorry my friends--then is now.
Today the Nasdaq rallied, and tomorrow, on cue, the banks and brokers will fly. They'll just use the excuse of the Fed meeting to run in more shorts. Why do you think they covered at the close today?
These jokers were pretending that the market was weak yesterday. They tried to make the charts look weak.
Instead their hand got weaker!