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S&P 500
5,537.02
(
0.51%
)
US TECH 100
19,641.60
(
0.83%
)
Dow Jones
39,308.00
(
-0.06%
)
Brent Oil
86.97
(
0.07%
)
Bitcoin
56,947.49
(
-5.34%
)
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ari5000

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Alias Born 01/27/2007

ari5000

Re: None

Monday, 06/07/2010 4:04:37 PM

Monday, June 07, 2010 4:04:37 PM

Post# of 710
needless to say:


massive problems still being priced in, 'V' shaped recovery being priced out.


Consumer credit numbers were a huge beat today -- and the market still got killed. When the market hears great news and sells anyway -- it's a bear market. It's why the news NEVER matters, only the market's reaction tells you what you should be doing.


That said: Market is very over sold and the market has rallied twice before from these levels. So there may be a rally from here. But I wouldn't hold for long.
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