October/09/2008, after trapping the bulls in during the openning session around 10AM EST, S&P quickly retreated back to range, soon after the treasury announced the plan to inject capital directly into banks, another bull trapped in, when everybody is hoping for the long-waited killer rally, S&P managed to disappoint everyone and broken down, the selling was panic along with the downgrade for General Motors. S&P futures closed at 912.75 , down 68.25, or a whopping -6.96%. Most likely we'll be seeing another leg down tomorrow unless something significant come up from Fed or the Government.
Posts
No comments:
Post a Comment