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Stocks more than halve early losses 90 minutes into the session, SPY -0.4% an QQQ -0.3%. The...

Stocks more than halve early losses 90 minutes into the session, SPY -0.4% an QQQ -0.3%. The financial sector (XLF -0.6%) is lit up red - not surprising given Europe's shuddering banking system. Google and Apple - each down more than 1% - lead tech lower.
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Comments (5)
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    The pivotal mid-1550's held. May still be a down day but I think we should at least bounce to 1560. Eventually, higher though.
    27 Mar 2013, 11:13 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Yep, Bernanke and the PPT saved the day again....sos....OZ always has the market's back
    27 Mar 2013, 11:24 AM Reply Like
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    Well, BB did publicly state the money printing would continue.

     

    I guess it's best to worry less about the inner machinations and/or manipulations of the market and focus on not being on the wrong side of the trade, whether it be at the market level or the individual stock level.
    27 Mar 2013, 11:49 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Lemmings/sheep will get slaughtered from here if they go all in .Part of the problem is everybody is afraid of getting left behind. Look at what the market has done since mid November up 20-30% on all indices
    27 Mar 2013, 12:22 PM Reply Like
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    Perhaps you will be proven right.

     

    My point is to be long since mid November and not be long or be short when the market stops going up.

     

    COMMANDER: That Earth outpost called to an Earth vessel. Now it follows us.
    ROMULAN: Which neither retreats nor grows nearer. It turns as we turn.

     

    So, turn as the markets (or Romulans) turn.

     

    I always thought the person who starts quoting Star Trek on this site is ready to be certified a nut job. Turns out it's me. Oh well. At least I'm not circling Uranus looking for Klingons.
    27 Mar 2013, 12:46 PM Reply Like
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