Window Dressing?

I have to give the bulls a little more credit than that but the hedgies I talk to are bleeding and they not only wanted to get long today but they needed to get long today. It was a “just buy anything” kind of afternoon and I just went with the momentum. The shippers exploded on short covering and the consolidation that’s been going on. The financials ripped higher and even housing had to be bought. I’m a bull but I still don’t trust it. Bear market rallies can be great but they will pull out your esophogus when they sell off. I’m riding the bull but I am very cautious. We had about a 550 point intra-day point move today and I have been saying for weeks that 1-2-3% intra-day moves will become commonplace. The volume was good and that is always a good sign. Google got whacked in the aftermarket but it could turn higher tomorrow if the market lets it. I will try for some charts later but the first episode of LOST is on tonight. I made my profits today on MSFT,TBSI and some GOOG, short in the aftermarket. Got lucky on the latter.

Previous Post
Cramer Strikes Again
Next Post
By The Way

Recent Articles

Premium Article

Profit Taking Day. Fed Tomorrow. Here’s My Read

Premium Article

SPCX Up 19% Today. Iran Deal Done. Now What?

Premium Article

Trump Says Peace Deal This Week. I’ve Seen This Movie Before