S2 Option Trader

[goofyfoot]

I called the summer wrong, for sure. But, I just can't see what's holding this market up.

Still, if Big Ben comes out on Tuesday and announces some sort of restart to the mortgage buy back program that was in effect till April (QE2), well, then I guess the market is going to keep going up. Yet, this would seem to be a very political move on the Fed's part, especially with Congress out on recess. Plus, with the stock market up as high as it is, right now, how could this be justified? You'd think it would get picked apart, except for the fact that the Fed can do whatever it wants.

Nothing makes any sense, anymore.