Tuesday, September 30, 2008

Futures up

Futures trading higher on optimistic views of a bailout bill being passed. I think we will get one but the rally that follows will just be a reason to sell into or short. I dont see any logical reason to buy in this market but see tons of reasons to sell. Folks dont make this harder than it is the market is weak and the only time we go up is on news not fundamentals.

Fundamentals and technicals say we go lower in the long run but the bailout should give us a push higher

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