Thursday, September 3, 2009
Fade the opening gap. That's the market script. China goes up 5%, the futures point up, and then they sell the gap. Tomorrow we get the BBE (big bad event) unemployment numbers; so the conviction level of the bulls hand right now is tenuous, so they can be pushed around.
But traders are conditioned to buy the dips and sell the rallies when the market is consolidating, and that's all today's action looks like.
But if you don't want to watch Goldman's huddles, you could always watch the ones on "The View."
And former Governor Rod Blagojevich will be the headliner on the premiere of the new season Tuesday, touting his new book, and looking for redemption.
No wonder Eliot is getting itchy!
Posted by Palmoni at 10:54 AM