That's the vicious countertrend move people have been trying to catch for days. The fact that it happened in a 80 minute span is quite neck spinning!
If you are looking at what merchandise to buy on an individual basis, you want to see what is leading on a day like this. I see a lot of same familiar momo names leading the charge.
EDIT 3:59 PM - try +6.1%!
Tuesday, August 9, 2011
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Best Of FMMF
- Blogroll
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows