Thursday, November 13, 2008

Ridculous Open

It looks like the futures point to a flat open in the market. If your looking to play long, another disappointment. As mentioned yesterday after the bell Intel released just a horrific forecast. Market after crumbling yesterday during regular trading hours and crumbled some more after hours. My thought was if you had a truly horrific open you buy through either explicit buys or through implicit short covering. Now we have climbed all the way back to looking at a flat open even after jobless claims climbed up to 516,000. Shows a lack of fear and lack of panic. I think you sell at the open now.

To add a little humor to this morning:

How do you get a graduate from Texas Tech off your front porch?

Pay for your pizza.

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