I have looked at premarket, aftermarket, futures, etc.. and have concluded I have no clue what will happen the next day, let alone the following day.
What I do know, is that if you buy long or short, if you wait few weeks you will make money. A jump of 250 today seems rediculous. Another jump tomorrow of 250 seems ludicrous, so it will probably will happen. In the end, I'm betting in a matter of hours, days, weeks, FAZ hits $6+ after the manipulators decide to take it the other way. One week its swing flu, then it's Lowes- NONSENSE. SO IF THE MARKET IS GOING TO ACT IRRATIONALLY, MAYBE PEOPLE NEED TO BUY SOME EQUITIES/MUTUAL FUNDS LONG, AND TAKE HALF THEIR PORTFOLIO AND BUY ON GOOD DAYS AND SELL ON BAD. TODAY WAS GREAT, SO I COULDN'T BUY LONG. WHY NOT JOIN THE SHORTS. AT LEAST I WILL HAVE SOMETHING TO SELL EVERY DAY.
People are forgetting that the green shoot futures this AM lifted the market right off the bat.
Between that, Lowes "BTE" earnings, homebuilder sentiment, and India, the market never looked back.
Maybe we'll get some really bad news like Israel taking out Iran nukes or something and we can just go ahead and get back to 14000 on the express elevator. Heck, thats as good a place as any to start shorting the whole corrupted house of cards.
I love my country, but I despise it's government and the rampant corruption.
Sentiment: Manipulated by Uncle Sam and Goldy
Means nothing!!! Everyone and I mean everyone that's bearish was certain of a gap down today based on the action in the futures. And most if not all got severily burned!!! Futures don't mean sh*t!!!!