Tuesday, October 25, 2011
Low Expectations
Most traders are expecting there to be nothing concrete coming out of the EU summit so I don't see much of a selloff if nothing is accomplished. But we probably won't rally much either, since we've gotten to such high levels with lots of resistance above. CNBC crowd seemed nervous ahead of tomorrow's event so we shook out a good chunk of the fast money today. Any further dip tomorrow is probably buyable for a quick trade.
Subscribe to:
Post Comments (Atom)
Posts
2 comments:
I would disagree. Any further uncertainty about Europe will wreck markets. But maybe that's what they need to get their ass in gear and pass the gazillion ESFS.
All world markets are now a sovereign credit default swap.
Post a Comment