SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 609.700.0%Feb 14 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Vendit™ who wrote (42980)1/1/2013 9:57:41 PM
From: Mr. Aloha1 Recommendation  Read Replies (3) of 207585
 
The European markets aren't open yet. That DAX quote is from Dec. 28.

If this Fiscal Cliff bill passes the House, the DAX will open much higher IMO.

Judging from some of the posts on this board, it seems there are a lot of people short the market trying to justify why it should go down.

If this bill passes, there could be a huge short-covering rally on a "buy the news" reaction after the recent selloff on the rumor and worries about falling off the fiscal cliff.

AAPL in particular got huge selling in recent weeks as people locked in a lower capital gains rate. Many of those people will be buying back in the new year, which should give the Nasdaq strong support.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext