"Rip your face off" Rally
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.
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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