Open Question
Does Wall Street take a siesta every day from 10:30 am -3 pm? Literally sitting
in a 10 pt range in the Dow for the last two hours. Amzaing how mentality
changes umpteen times in the space of 24 hours. There is literally no a single
market moving news item that has come out since that 50 pt late day rally
yesterday, and yet here we are almost down triple digits on the Dow. From what i
am reading on Real Money "bored" traders are not able to generarte an upward
push, so selling is accelerating. You wonder why people think this market is a
meandering casino.
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Happy hours at the Hampton's.
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Actually, between 11:30 a.m. and 2:30 p.m. is typically considered choppy
trading time. It's one of those nostrums that people hate to see written.
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here comes the mid day surge ,bet we finish even or higher
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bonds r rallying to ,that is putting pressure on stocks as well.keep watching
the bond market u could have seen this pullback coming since we were at
945.bonds started to rally and see real demand a few weeks ago ,that was a sign
that somthing was up and there was a change of hands from risk to safty
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