Posted by ndtrade123 on 16th of Mar 2009 at 11:28 am
Good bank, bad bank news supposes to come out this week or the
latest next week, which should be positive to the financials.
FASB is working on mark to marketing accounting and should have it
done in a couple of weeks. Even though the technical is
telling us that a pull back is coming, but a news needs to happen
to make people sell. What could it be?
actuallly it often works the other way around. When the
market is ready to drop, negative news will be found, or focused on
-- there's plenty of negative news around!!! Last week the
market wanted to go up, and the fact that GE had its credit rating
slashed was given a positive spin.
rp -- couldn't resist that YRCW short at 3.35.
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Good bank, bad bank news
Posted by ndtrade123 on 16th of Mar 2009 at 11:28 am
Good bank, bad bank news supposes to come out this week or the latest next week, which should be positive to the financials. FASB is working on mark to marketing accounting and should have it done in a couple of weeks. Even though the technical is telling us that a pull back is coming, but a news needs to happen to make people sell. What could it be?
negative news
Posted by Michael on 16th of Mar 2009 at 11:38 am
actuallly it often works the other way around. When the market is ready to drop, negative news will be found, or focused on -- there's plenty of negative news around!!! Last week the market wanted to go up, and the fact that GE had its credit rating slashed was given a positive spin.
rp -- couldn't resist that YRCW short at 3.35.