I now work part of a fund, and on Friday I was talking to one of the traders and we thought, “that was probably it and there will be a pullback…”
Guess what today was that pullback…
So what was it that we saw?
Was it the bad shape of the financial system?
Was it the issue that the government keeps changing the game board?
Was it that earnings and that the recession will keep going?
After all all of these issues today were new, right? They just popped up over the weekend…
No, me and the trader said, “hmm, the options market pushed this sucker quite nicely,and Friday was expiry…”
Folks read between the lines, where are the financial institutions making their money? Oh yeah, by trading!!!!
Guess what they were doing today… Trading!!!!