Haha, ok I could not resist. I promise that's the last "RISK!" headline of the day. Apple has reversed 2% of its loss (from -3% to -1%) and so with that the whole market can now run. Commodities also catching a bid after being trounced. These are massively oversold after the action last week..
As an aside the 50 day (exponential) moving average has dropped from 1217-1218 to 1205-1206 area, so if we go to the upside of the range we have been in for 2 months, I will be curious if the S&P 500 stalls near 1205 or still goes to the old highs of 1220.
It is bemusing to watch the mood changes by the hour nowadays...
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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