Why the Rally??
Janet | Jun 15, 2010 | Comments 0
OMG, what a day, the market closed up over 200 points, on WHAT news? There was none, no I take that back, there was news, it was bad news, but the market shot up anyway. Whats up with that??? I thought we’d see another day of the Dow up 100 points and then give it all back in the last hour of trading, but the market did the opposite. So what is really going on? There are those that say this is a result of electronic trading, and doesn’t reflect the real opinions of investors and professional traders. I really don’t know what to think, is this a result of the belief that the global markets are settling and that the euro is stabilizing? And does this mean that tomorrow will be a profit taking day and the market will drop down 100 – 200 points? I’m hearing a lot of predictions of profit taking tomorrow. We shall see. I can’t wait..
Filed Under: Closing Bell
About the Author: Janet is a real estate entrepreneur who in 2009 found trading options as another way to generate income. Janet's goal is to help the new and the experienced traders by creating a community where information can be shared to the benefit of all. Oh, and of course have fun doing it!

