Futures are flat and resting after yesterday's march lower and we will have high drama today in DC as our banking leaders get scolded in public by our "all knowing" leaders. If you want to see a pot calling a kettle black, then you will want to tune in.
It's hangover day and it will be interesting to see if they take it lower or take a stand. Watch energy, as it is a very big component of the S&P, the financials are starting to have less of an impact in terms of weighting, but still very important. I think oil is headed to $30 but for now it has found a range.
On a positive note, Stocktwits continues to rock and is becoming an incredible tool for investors and traders. Here is a write up in Business Week.
Wednesday, February 11, 2009
The Morning After
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
3 comments:
Congrats on the mention in the article
Joe, stocktwits is absolutely just the best place to be.
Thanks for what you do,
oledi45
thanks guys
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