Look at the big picture that's painting. There are so many positives for us... and if net zero theoretically occurs on earnings, or even just gets close to said levels, the news will blow this up.
To me, if we continue to have green days and occasional bear raids; like when it went to 2.68, then down to 1.86, it could be a very steady and healthy trend on the daily while the manipulators make tons of cash fleecing day traders / newbies.
If however we have a drop worse than that percentage ratio, I.e. that was a 30% drop before it went up again, I would expect a potential stuttering and slowing of movement in the up direction, assuming news follows.
Honestly, the government needs the money that Fannie and Freddie gave them... and if they come to an agreement with the Perry capital lawsuit, they may be able to keep it but it depends on how they work it out.
At the same time berkowitz has his own lawsuit but it seems weaker and I am not sure what to expect from it. Though is Perry capital gets through, the other might as well.
I feel this next week is green but am concerned about being let down on earnings, though suspect much news has come out to make me feel that way.
One possibility is that earnings are amazing but it dumps and tries to take out the profiteers who believe the old saying is always right. "Buy the rumour and sell the news"
Often it is, though I do not live by it lol.
In anycase, should a red drop happen after earnings I would happily open up to it since the following week will have the government's court response.
Be safe, do your research today before you can't during weekly movements. And don't trust my words, or logic, consider them and verify them before making such a belief.
-z
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