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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
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cleverrox

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cleverrox

Re: None

Wednesday, 10/29/2008 8:39:49 AM

Wednesday, October 29, 2008 8:39:49 AM

Post# of 46
QID - bought QID today to short the market. I feel this rally is overdone and the economy remains fundamentally very bad with falling home prices and poor retail sales combined with rising unemployment. Liquidity in banks isn't going to magically fix that. $600B in home equity loans and mortgage refinancing per year won't be pumped into the economy as it has the past 3-4 years.


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