Morons

I harped on CIT for a reason, its the truth that is behind the constant flow of BS that is disseminated from ticks in stocks like AIG, C, FNM, FRE etc...stocks that trade all day, premkt, regular session, late session for no reason other than that are being gamed. The "real economy" the one that is not on a constant bailout is still sick, hurting, weak whatever you want to call it.
So the morons thought they could do it again push the market higher this morning with the SPUZ up $7 - ignoring the damaging news that CIT was DOA. Momentum worshippers...all of em.
SPUZ are now down about $11 - some serious trendlines are in peril of being broken today - I hope the fund managers try to rally em later today so I can sell em some more......


JB