GE Drops a Bomb, But Options Traders Are Cautiously Optimistic [View article]
goatfarmer, the DJIA was down 256 on friday.
Bob G., I agree that the recent market buoyancy has been in denial of the inevitable deterioration in fundamentals. That buoyancy was still evident at the end of the session Friday, despite the long drop throughout the day. The air above the 50-day MA will continue to be preferable, until it's sell-in-May-and-go-awa... time.
Why GE's Selling Its Appliance Division [View article]
GE Drops a Bomb, But Options Traders Are Cautiously Optimistic [View article]
Bob G., I agree that the recent market buoyancy has been in denial of the inevitable deterioration in fundamentals. That buoyancy was still evident at the end of the session Friday, despite the long drop throughout the day. The air above the 50-day MA will continue to be preferable, until it's sell-in-May-and-go-awa... time.