they're talking right now about a rip your face off rally on CNBC, which will thwart the short sellers who played a large role in yesterday's nosedise. All this ahead of the fed statement later today.
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cnbc, I'd trust them with my savings any day!
Long and wrong, baby. LONG AND WRONG.
DJI: up 100, down 100 in 15 minutes.
Thoughts on QE3? Likely or unlikely?
^
When they announced we'd help backstop euro banks, QE3 already began.
If the VIX is down and S&P500 is up, wouldn't that mean that the market is expecting this uptrend to continue at a similar pace??
VIX down just means the market is seeing less volatility (size of swings up OR down) in the next 30 days. Doesn't necessarily point to uptrending.
Meh, I shorted the DAX at the wrong time of the day, thinking there would be a re-dip at around 14h...I guess I was wrong, lost 100 points on each contract. crap !
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