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Re: Myself °¿° post# 2903

Wednesday, 10/08/2008 3:24:33 PM

Wednesday, October 08, 2008 3:24:33 PM

Post# of 4839
We didn't even reach the 1034 that futs reached on the S&P.

Tomorrow is the big Yom Kippur buy day that everyone says to buy. Average return is positive if one buys tomorrow and holds to EOY.

I think today got people excited for it or its a a short cover rally of some of the overweight shorts in other industries which they will then redistribute a portion back into financials tomorrow.

Either way i think we are due for a sideways grind for about 2-3 weeks as earnings season starts and all the bad news gets digested. A bunch of pops post earnings. Was alcoa a good buy today? Will have to see tomorrow if it leaves an island bottom.

But tomorrow is a big payroll day. We will have to see how the Fed is able to manage the commercial paper.

also advancers/decliners are still bearish even with markets in positive territory. I mean its still indecisive.




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