Seeking Alpha
  • The Last Boomer
    I am surprised mkt does not have any strength today even after good ADP report and expected very good employment report on Friday.
    3/7/12
    Reply (8)
    • nasalpancho: i dont trust them -- one big push and a short covering event could occur -- that really was not a panicked selloff yesterday
      3/7/12
    • nasalpancho: IWM and XLF holding up ok -- doesnt seem to be the flight from risk you would expect if they were fleeing the scene
      3/7/12
    • realornot: Mkt is rebuilding.
      3/7/12
    • nasalpancho: I think we at least get back to 1360 and see what happens there -- what are you thinking real?
      3/7/12
    • Malt Backbone: Nasal, I bought calls before close yesterday thinking we'd have a bigger bounce. Just sold them for no gain. Not confident anymore.
      3/7/12
    • nasalpancho: Matt I am a bear at heart but I am just not trusting this "weakness" it is all pinned on Greece and they will kick bucket/ leak false rumors
      3/7/12
    • realornot: nasal: same here... 1360-1365.
      3/7/12
    • Nolesince87: Have to ask yourself, why in such a strong buy-the-dip market was there not much more volume buying the dip? Smells like mass distribution
      3/7/12