Rumors of more coordinated rate cuts are making the rounds this morning so futures are bouncing. I think the velocity of hedge fund liquidations though will still be a high hurdle for the market to get over at least for now.
More earnings and more shortfalls so far this morning.
Thursday, October 16, 2008
Futures Catching A Bounce
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- 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.
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