The rebound – Day 2

Posted on August 9, 2011 by Fred Stiening

Now that Fox News panicked their viewers to sell their stocks on Monday, index futures suggest the US Stock market will open up about 300 points on the Dow.

Nothing unusual in Asia overnight.

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4 Responses to The rebound – Day 2

  1. Art Stone says:
    August 9, 2011 at 11:40 pm

    The Dow was up 429 points for the day. The dollar was weaker against the Euro…. but a lot of it was just rebound from the close.

    The second half of my observation – whatever happens in the last half hour of trading as the individuals panic or rush in to buy…. reverses itself in the first half hour of trading the next day – as the pros running the market resume trading and pay no attention to what the little people did.

  2. Parrott says:
    August 10, 2011 at 8:34 am

    I talked with a guy that works for Legg-Mason. he said Tuesday was just automated computer trading. Like no individual investors were in the market at all. No volume of trades. I think they removed a lot of people in 08 and got the rest this time.
    Burn in hell Geithner, and your little dog Howard Dean too !

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