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Online Share Trading

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Are markets due for a correction?

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DEP
Super Contributor
This is the Q? been asked on CNBC today. What does OST traders says?
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28 REPLIES 28
john_1
Super Contributor
It must be a quiet news flow morning.. 24 TV now thats a challenge, despite this in true US pop culture fasion all you ever get is a sound bite, even when it is interesting.. you are waisting you time.
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DEP
Super Contributor
Where are all the bears, dead?
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saash
Super Contributor
All the bears are dead :-)
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saash
Super Contributor
Are there any significant fundamentals, or economic data backing this rally - or is it just a bunch of idiots with money in banks who are shifting it into markets to catch the rally?
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DEP
Super Contributor
The global recession is almost over, so we are all cheering for now.
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kwagga
Super Contributor
A bit of pumping and dumping going around if you ask me.
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Not applicable
Nope. Only pumping for now
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kwagga
Super Contributor
Aaah, but the smart money will be dumping to the unsuspecting suckers that's afraid they're loosing out and buying everyting in site.
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DEP
Super Contributor
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kwagga
Super Contributor
Well, you could either be short or in cash. I'm last mentioned.
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kwagga
Super Contributor
Except for a few GLD contracts where I'm long, but I see that as low risk.
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manicks
Regular Contributor
We will get a correction but minor one so Kwagga if i were you keep your finger on the button...
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DEP
Super Contributor
Futures still up in the US, could be an interesting day. European markets tempting to take profit. Will Apple's good no's be enough to hold the Dow up today?
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saash
Super Contributor
Did Apple have good numbers?
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Not applicable
CNN sez: Apple reports quarterly revenue and profit that far exceed analysts' expectations. It sold a record 7.4 million iPhones.
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DEP
Super Contributor
Major indeces turning south.
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saash
Super Contributor
And one would think that news would spark a new rally. Hmmm - odd
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SimonPB
Valued Contributor
that's why thinking and trading don't mix ..
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DEP
Super Contributor
LoL. Good one, we must not think much, just follow your gut feeling and trade...
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