Anything is possible, including a concerted effort to buy this
market and keep it high for the rest of the month. Or a giant last
gasp up head fake.
The dollar may yet assert some influence on the markets but
until it confirms a bottom, who really knows. This high frequency
of supper volatile stock market days reminds me of the weeks and
days before the top in '87.
My best guess would say that IF the markets were to turn around
and drop later in the day to even or lower, then Monday could be
really ugly. But seriously, I expect them to hold it up as best as
they can through the close.
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Don't worry, be happy
can anyone offer a rational explanation
Posted by perthx on 4th of Dec 2009 at 10:17 am
That's as rational an explanation as I can find!
Anything is possible, including a concerted effort to buy this market and keep it high for the rest of the month. Or a giant last gasp up head fake.
The dollar may yet assert some influence on the markets but until it confirms a bottom, who really knows. This high frequency of supper volatile stock market days reminds me of the weeks and days before the top in '87.
My best guess would say that IF the markets were to turn around and drop later in the day to even or lower, then Monday could be really ugly. But seriously, I expect them to hold it up as best as they can through the close.