would not amaze me in the slightest if there is an announcement / news that the market views as highly favorable.Friday is options expiration, and many people appear to be short. An upsurge, 200 DOW points or so, would cause shorts to be closed and long call options to be hedged, spuring buying.It would all appear to be a re-test of the lows, then it is off to the races.
no rabbit was found in the hat. This is sheer panic. A nationalization of the main banks would be a big positive. Dollar not doing too well - good for pm.
I hope I'm wtong...but so wmuch for that idea.
Billy Fitzgerald...wasn't he the kid with the hockey stick in "Flatliners ?"Off to the races all right --- racing for the exits. The Dow will close at a new 5-year low today.
Maybe takeover of CITI and BA by the government. Doesn't look like it now thought with the market getting killed! Good luck to all today: PM might not do that bad all things considered.