UNCLE Fed came through to provide liquidity to the market makers and banks to loan money to hedge funds in trouble.
STOCK MARKETS are looking good. We will be reducing our short positions today and hope to close these out today.
RIMM and GRMN did well yesterday, making new highs, while AAPL was somewhat weak. The market indicators like DIA, SPY, IWM, SMH, QQQQ broke through some resistance and these are safely above them. We can expect to see new highs in next few weeks.
XLF...Financial Sector has snapped back, but, a lot more damage will come to light as time passes.
To make money, one must stay flexible and accept the judgment of other market participants who are bigger than you. Ego has no place.
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