Quote:
Originally Posted by cgnahc
How about that! Only a 100+ points lower, not too bad.  Beautiful fade from the gap down. 3/4 pt rate cut helped. Thanks, Uncle Ben.
Who MADE money today? |
Dad, not as much as he should have though. I bet a lot of people had no idea why it gapped back up, until after the close..
Anyways, I hope you know how to sell short, because if all you know is to go long, you are in a world of hurt.
The government can only pull so many of their rabbits out of a hat, after they are all out the stock market is going to drop like a rock. Stocks aren't meant to go up forever and with all of these cuts, they are just going to make the correction even heavier.
I start trading again tomorrow.
It's kind of hard for me because I have school from 9:30-1:30 every day...
-Nathan