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Old 12-09-2008, 08:21 AM   #1360
wouwou
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Join Date: Nov 2005
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But the financial pull backs are coming from mostly shorts covering for the better part of last week, or the profit taking will happen at the 15-20% increase, and profit taking usually goes for more than 3%, typically 3-5% in my past experience

Most of the financials shot up close to 30% and we see drops of 1%ish for MS, GS etc. C is just fucked up with such a crappy portfolio yet it's going up 4%+, almost on a daily basis for the past week.

IMO this market is fucked up and since the earnings are taking such a big hit, the share price will be going down.

A few things on the market right now:
1, wide ranges,
2, buy and hold, and you get fucked in the ass
3, bad news = stock goes up "Oh the worst is over"
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