Friday, April 24, 2009

Stress Tests

Who wants to bet that the government stress tests will beat expectations today. Aacording to "their" stress tests all 19 of the big financial institutions will be in great shape under the worst of possibilities. It will be interesting to see if the markets decide to wave the bull crap flag on that one and sell into it.

There was no news the last 10 minutes of trading yesterday to cause the massive jump we had. Whoever put the massive order in, put it in at the market. Most institutional trades are worked in using trading algorithims and programs. The buying yesterday near the close was dropped on the market. Either they knew something no one else did, or they wanted to have a green day, or both. Either way, this market is giving me the creepers.
Sent via BlackBerry by AT&T

No comments: