OK - I didnt think the bulls would roll over but I also didnt think they were gonna push the market up 1% in the first half hour either....this is beyond ridiculous. GS, REITS, AAPL are all moving and grooving this morning. I just sold some nasdaq futures at 1619.75...looking for a pullpack of at least half of this mornings upmove...
WE got 500 shares of that IPO (EM), we tried to get 5000, we sold it up 2 points. The secondary we were shut out..
Again I would urge people to watch the REITS, (SPG,PSA,VNO) as a clue to the momentum of this market.
JB
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