Being Tactical = Mo...
Open Question
Can anyone explain the rationale for the 180 themarket has just completed on the
financials. Hated beyond belief one minute, loved the next. it's interesting to
note that many of the core of assumptions that the "stress tests" were based on
have been breached (unemployment comes to mind). WFC comes to mind as one stock
that was beaten down mercilessly and then all of a sudden loved. Reading the
Real Money site, it doesn't appear as if even sesoned traders ahve any idea what
this market will do from one hour to the next.
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exactly.....and this is how they will be profitable...it's not about making
friends folks!
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Central banks across the globe joined Bernenke in announcing continued low
interest rates. Meanwhile, banks can keep longer-term rates high, maintaining
that steep yield curve, which is a money machine for the banks.
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today was a huge mark up,,we rallyed off the g20???thisd makes no sence at all .
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