What a market. I haven't seen this kind of whipsaw action in a long time if ever. It is tough due to unless your just watching a couple deals, you get into the wack 0' mole mode where by the time you hop on something moving, the rodent goes back in the hole and you get stopped.
The financials are up nicely into this and are starting to sell as the plan gets out. The key will be the trend. Do we sell the news? Or does the market head fake and continue to recover. I want the trend to show itself rather than guess due to this chop can kill you. One's acting well are NFLX which I still think goes much higher do to the innovative new product they have. Plus the stock has a good daily chart and is acting very bullish. On the humorous side has to be Cnbc's David Faber's interview of former Fed head Greenspan. Greenie actually said he was un-aware of the speculation in housing and was surprised. I almost feel out of my chair on that one. My construction worker nephew with no formal education saw the bubble and wanted to know how he could get in on it back in 2004. Either this corruption runs so deep or we are in an era of total incompetency.
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