Marvell Technology Inc (MRVL)

[randygee]

Unless you know the job numbers already, what are you basing this on? Premarket futures? The were at the same levels at this time yesterday and the market closed up...

The market is climbing a wall of worry....many investors (including you) continue to be bearish short-term...just what we need to continue the rally.

Want an example?
Take a look at oil...as oil climbed to $65, $70, $75, OPEC increased production and the price continued to go up....Hurricane season got was relatively quiet through June/July and the price continued to go up...everytime Iran spoke gibberish the price went up...north korea threatened nuclear tests and the price went up...

Now?
Rumors of an OPEC cut couldn't keep oil over $61 yesterday, in fact it gave up all its gains at one point and dropped below $60, Rumors of a north korea nuclear test aren't moving it dramatically either, either are some more nigerian kidnappings...

markets acting the same way, shrugging off the same geo-political factors that drove it down everyday three months ago....what happens if the job numbers suck? The market uses the number to pullback and more buyers step in....but, what happenes if the numbers are good?

fuel to the fire...jmno.