I think we hear first thing in the morning GM and CITI will be replaced. I say CITI because that company is so screwed up and rumors have floated around that the R/S rumors is in response to being removed from the DOW. Next week is going to be VERY interesting. I firmly believe next week the correction starts. Because of the BK of a DOW component and the jobs number (see bloomberg) is going to be much worse then expected. Also as I have said many times we will see more problems in the bond markets, leading the PPT & other invisible hands to aid the bond markets. Also expect all those bears who had been stopped out w/ the S&P spike in the last min of trading friday to be getting back into their positions monday morning. GLTA!
Wanted to bump this! I called the Citi removal last night. I was wrong about shorts getting in first thing in Monday. I still believe that in the next two weeks we see the correction we have been waiting for. Today the 10year was up some 8%? I believe our catalyst is coming from the potential bond market problems. GOOD LUCK!