Yeah & that what turned out 2 b bogus GE piece of news that drove the mrkt into the close....now GE is sayin it was all taken oudda context....which I'm sure it was....by the media of course who ran w/it...Dow Jones Newswire, cnbc & I think Bloomberg too.
1/2 pt cut & the mrkt still trades down....indeed it makes me think that it was ysrtdy's rally that baked it all in. So w/that oudda the way now.....what else is there to keep this mrkt up? The ECB cut next week? Hardly.
Mark this post & come back & check where the dow is in say 2-3 weeks time....@ 8990 now....I'll say it'll be closer to 8K than 9k...possibly the high 7's.
OK...out on a limb now....sure hope someone has a real thick mattress down below :0
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