Either someone is selling under al these head lines, or MARKETMAKER is trying to get shares on the cheap. Be that the case, I go by techincals and they have been point to the down side, lift off not in sight. So as i have been syaing for days, dump it and stay in cash till market decides if it want to go higher or not..As for the S7P that too looks like on the down side hence my reason for staying in cash for now.. LISTEN UP PEOPLE to what i am saying..
tomorrow could be a turning point for the market, instituations if you noticed have been on the side line not buying and not selling ( may be selling a little or moving their positions), I just can not see Feds doing anything to spur the market, so it is possible that makret may jerk the S&P down to 1370 and then start a climb in Oct. Hence my view is that go cash for now.
The other possibility is that mkt may try for 1440 before going back to 1370 and this will all happen in the next few days.. September will be a down month Oct on we will see mkt try for 1440 may be 1500