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BB&T Corporation Message Board

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  • dhrosier dhrosier Aug 9, 2011 11:53 PM Flag

    Market trading on technicals!

    The S&P downgrade was a farce. Almost every major bond investor, including nations looking for reserve currency, have rendered the market equivalent of a "dope slap" to the satrap at S&P who bullied his partners into using their stature to play politics.

    The sell-off was a panic, more over sold than a prostitute at a sailors's convention.

    Today was the correction but schizoid as evidenced by the wild gyrations. We are still down a bunch from a week ago. Likely 23-24 is a reasonable short term trading range given the general paranoia. Where it goes from there is conjecture, anyone's guess.

 
BBT
38.11Apr 22 4:01 PMEDT

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