Official Let's Make Some Money Off Stocks Thread
#2461
Here's an audio clip from the S&P pits during the huge drop yesterday. Crazy.
http://www.zerohedge.com/sites/default/fil...ket%20Crash.mp3
http://www.zerohedge.com/sites/default/fil...ket%20Crash.mp3
#2462
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EU debt crisis averted? $1 Trillion in loan guarantees agreed to between the IMF, EU Central Bank, and the European commission.
http://finance.yahoo.com/news/EU-creates-1...6&asset=&ccode=
S&P futures are up nearly 5% for the market open. Should turn into a monster short squeeze today. BCS up over 20%
Andrew
http://finance.yahoo.com/news/EU-creates-1...6&asset=&ccode=
S&P futures are up nearly 5% for the market open. Should turn into a monster short squeeze today. BCS up over 20%
Andrew
#2466
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My gut impression is that recent market gains have been based on hope of a recovery, but little else. An upward jump upon approval of a European $1 trillion bailout fund is nice - but doesn't necessarily reflect what that fund will accomplish. Seems like gains are based on euphoria, and losses are based on reality. Buy low, sell high... IMO.
#2467
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Originally Posted by ace123,May 14 2010, 08:42 AM
Is today's drop sales to purchase european stocks in response to the euro bailout, or is something else going on?