Market Watch a few minutes ago:
March 5 2009 10:15 A.M. EST
Day-ago rally erased quickly.
The bulk of Wednesday’s rally is wiped clean at the open as doubts surface over China stimulus. Retail, autos, banks sharing spotlight.
Not surprising. Any bump up is a selling opportunity. The shrewdest traders are making money off these small, temporary fluctuations. People buy the news, and the next day, the smart ones sell off. That said, FCX and TCLP are holding on pretty well. What I wonder is who the hell are the suckers buying at the top of these fake rallies? I’m not buying a thing. My only debate is whether to sell these rallies or just leave it alone.
Obama is doing exactly what he said he would do.
He’s been a doctrinaire socialist all along.
This isn’t bait and switch like the Clintons.
The same geniuses on Wall St. who bet on somebody making 50 grand a year paying the mortgage on a half million dollar home thought Obama would be a good leader.