An irreverent look at Wall Street
so do youy think this MGM hit today is must temporary or will it keep going down? trying to see if i should sell this morning
Where are the believers????The stock is down from 80--yes they sold some stock--but who cares? Did anyone even check out their Macau numbers? How about when they have that raise?Morning dip was what needed to be bought. Does anybody really think they aren't going to completely punish those fools who have bet against this market the entire way?Right now, the shorts are on the rope.When the market was nreaking, and the bulls were on the ropes, what did the bears do?Wall Street attacks weakness. Why else is Jamie Dimon lionized? Because he can box!So they won't let all these bears off, but heck, you have to know what you own, and you have to have enough conviction, not to get shaken out by Wall Street's moves!
Is a 10 pt correction in ES too much to ask? I hate chasing. This is ridiculous. Every damn day.Maybe tomorrow with opex and goog merely inline we'll get a nice drop. X May 75s getting cheap.
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