Closing hour:
Selling comes back. Options on SPX expire today (not tomorrow like everyone else) and that is exacerbating the swings, but once we are done with that, we should stabilize.
It cracks me up that the same guys that were crying for a 10% correction and how it would be healthy for the markets are now coming telling everyone to bail at -12%. What did they think? That we would get a 10% correction without bad news? The usual nonsense. Turn off the TV and start buying.
Selling comes back. Options on SPX expire today (not tomorrow like everyone else) and that is exacerbating the swings, but once we are done with that, we should stabilize.
It cracks me up that the same guys that were crying for a 10% correction and how it would be healthy for the markets are now coming telling everyone to bail at -12%. What did they think? That we would get a 10% correction without bad news? The usual nonsense. Turn off the TV and start buying.
This entry was posted
on Thursday, August 16, 2007 at 8/16/2007 03:06:00 PM.
You can skip to the end and leave a response.
» Post a Comment