Replies to post #878 on S2 Option Trader

[dapro]

I agree. Markets about to roll over. Wait thru Monday to see what Bernanke has in store. Is he going to do a QE2?

[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.

[goofyfoot]

MRVLReader, I appreciate the prediction. I believe the same thing. However, once I break even, I'll let the market do its thing without me.

It's been way too stressful, all year, as I guess it always is, but somehow, the markets just seem crazier than usual.

I think I've had enough.