Posted by: o_o January 24, 2008
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Enjoy the dead cat bounce when you can guys.. I think yesterdays and to some extent
todays rise can be contributed to two factors..
i) Traders profit taking on their shorts and averaging out - Look at Citi group and
the whole financial sector's profermance for past few days.. that tells the story
ii) Qtr end - ppl are trying to re-balance their portfolio selling the commodities
like gold and oil and bonds and investing them on stocks
I think all in all the picture is still very dim..
We seem to have a pretty experienced bunch in here.. hum!! Do you guys mind telling me
how long have you been doing this? It seems to be like emini has be doing this for
quite a while.. Anyone in here who has been in a recession before?