Signs of Hope? Bueller?

Financials Up. Oil and the Commodities Up.On the same day.That’s new.A handful of stocks I like, instead of falling back from support, are breaking through. Also positive.Also with 10 minutes to go we have a chance to close over S&P 1280. Also positive.I’ve cut back short exposure materially here in the past 30 minutes. Still heavy cash but if we can continue I might actually be buying something tomorrow … and with a “better than expected” GDP “in the bag” tomorrow that might be the rocket fuel (i.e. Kool Aid) the market needs. Friday is a complete wildcard - if there is a bad number and the market rallies you know it is happy time. It’s not the news; its the reaction to the news….
Original Source:

  30 July, 2008| Fundamental Analysis | @ 12:47

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