Quote from: cypherdoc on October 05, 2011, 04:33:47 PM

Quote from: Iseree22 on October 05, 2011, 01:21:07 PM

Cypherdoc, do you know of the announcement that caused the SPX & other global equity indices, to rally 3+ % in an hour yesterday?

based on a rumor Dexia would be split into a good bank bad bank. followed up by the supposed "realization that the Euro officials needed to do something".

don't buy into it. these types of sharp straight up rallies occurred multiple times in 2008. don't overleverage yourself so that your acct can handle these types of spikes out of nowhere. looks like we're already turning back down. look at the banks.

My 'feeling' is that equities are bottoming, treasuries and gold are topping. I guess we will see.