This is probably the last chance for bulls to get out of the market. But I bet the bulls will stick to their hope and become perm green-shoots holders for many years to come, and they deserve the punishment.
Today's movement is technical trading at its best. A lot of day-trading shorts who joined yesterday at 2:15 pm clear their positions at the close. The market will go down with full speed now.
Agreed. Purely a short covering rally. Who is going to buy financials now. Big $$ institutions sure haven't yet as evidence in the low volumes. You'd know if this was a bull market by that alone. Insider selling at all time high. Weak dollar still. If market went up and dollar followed then maybe you'd have a strog case.
more traders like u-means it's a bear market rally and no more than this. Too many people saying that economy is rebounding , green shoots, bull market bla,bla. It's not good. What bull market are u talking about? Dow is negative for the year? Grow up!!!
I think faz deny the overall condition of the banks and economy in general, but the market is still going up right now, so i guess u take what it gives u, i still made a little on faz today, but could of made 3 or 4k on fas, oh well