Yesterdays' massive rebound some say was due to reports that Regulators in France, Belgium, Italy and Spain will an short selling on some selected stocks. I think we rallied in spite of that. I say we rallied in spite of that. They say it was because short sellers were manipulating the market, I say it is because they can't handle the truth. While the world was in a panic those that kept their head found value in a market that was out of line with reality.
Old man Potter would have cleaned up as those who were willing to accept pennies on the dollar for stocks that were obviously more valuable then people were willing to dump it at. The Market works and if government officials listened to it as opposed of criticizing it we would not be in the mess that we are in. There were signs even as the markets sunk into the depths of despair that there was indeed light at the end of the tunnel. Even as France gets a goose egg on growth and more sighs that China's bank lending may be slowing it is unlikely that the global economy is going to grind to a halt. Oil prices have act like a beacon of light as the market has not given in to fear and has really done a god job of signaling stabilizing market fundamentals. A pullback in gold and a pullback in fear is a very important indicator that things might be getting better. We have to watch the atlantic as things as far as weather seem to be heating up. Thank you for all the calls! I am glad I could bring sanity to the madness. See the world did not end!!!! Let me help you with a trading plan! Can the Fed find the "Power to Prosper"? Well you can ! Tune into the Fox Business Network where you get the power to prosper each day! Also its time to get a free trial to my daily trade levels where I cover all the major commodities markets not to mention selected Option and spread trades. We can use the numbers to fit many different risk parameters! Controlling you risk is key in this market! Make sure you call me at 800-935-6487 or email me at firstname.lastname@example.org to get set up! You can also sign onto my Facebook Page with more market musings
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