Re: Thoughts on the Stock Market...my perpective
in response to
by
posted on
Feb 06, 2010 08:19AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
money, that U turn was a very good signal to me...we're getting back to a normal market...big investors are going to be shearing fearful retail...
here's my simplified theory of market metrics....
i was sitting at the bar watching cnbc....at 1:59 pm EST the market was down 168pts...
it turned at 2pm...........wall street came back from lunch....
the banks may want to punish the government for threatening to break them up but the fact is the big banks are sitting on a buttload of cash that they need to invest...they cant hold out forever....