Sign says, "do not feed the bears"
Fools went in Wed night and bought the sold the futures based on London act of terrorism would cause a panic.
Was NEG 22 SPX NEG 36 NDX but Thursday action improved before open (invisible hand?) and market closed UP. Shorts (newbie) again BURNED sszzzztttttt. THOSE goofs will not be around when the market finally succumbs.
Emboldened by the miraculous recovery, of course let's party today what a relief, no big deal 50 dies etc, the market held up! An emotional response that isn't backed by very much.
This could be the final bullish surge, drawing back in the last holdouts, the bears are playing this bounce long......and I wonder about the distribution days.
That's cool, why should an act such as that determine the value of a company?
But I don't think investors care or are aware of the valuations they invest in. Business as usual.
D
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