Wednesday, August 31, 2011
Rally Skeptics
The majority seem to be skeptical of this rally. I don't blame them, I am one of those rally skeptics. But we keep making new highs each day this week despite the skepticism. So we need to build up some optimism before we can get a sustainable drop. A better than expected ISM number and nonfarm payrolls number would do that in a hurry.
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2 comments:
I was thinking 1250, I now think we are done, down into Obama then up into Bernanke and then down again is the likely Sept roadmap
Data isn't week enough for QE3 I would short in the next 24-48hrs.
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