Bernanke did the impossible....by staying ahead of the curve......
Bernanke "slashed the fed funds & discount rate by a pair of 50 basis points"
Wall street was "totally unprepared for this gutsy move"
Wall street was loaded with puts/shorts.......
Wall street will need to "cover or get wiped out"
Markets will have the "biggest short squeeze in history...thanks to brain dead genius like Doug Kass & Gartners of the world"
Fast Money Adami & Macke are "caught with their proverbial down..down ..down"...as they were wildly "euphoric about buying DOG & markets failing @ 1490 area in S&P.......guess what we closed today @ S&P 1519.78 ...ouch..ouch..ouch.......
So how strong was today's rally...here are some statistics to remember forever & ever $$$
Advancing volume led declining volume by... 29.90 to 1 (nyse)...11.86 to 1 on Nasdaq....
Advancing stocks led declining stocks by...8.71 to 1 (nyse)...3.51 to 1 on Nasdaq
New 52 week high led new low by...103 on (nyse)...43 on Nasdaq
Volume ratio tells the story of "rout".....
Expect a worldwide rally......then a follow thru rally on Wall & Broad $$$$
As expected RIMM had a breakout & closed @ all time HIGH UP $4.08 closing @ $90.35...further UP AH...
NVT also had a breakout and also closed @ all time high.....UP $2.75 closing @ $68.90....
SNDK UP $1.99
VMW UP 20 Cents......
SWIR UP 67 Cents @ "breakout"...
CMED went to another 52 wk high closing @ $40.97 UP $1.27...
BIDU UP $16 to all-time high...
ISRG UP $13....
GRMN UP $6...
GS UP $13.....
FSLR UP $6....
Expect another "short squeeze day" on wed.....
BLOG does not give buy or sell.
Saleem
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