We have a large one this morning - there is nothing to indicate that we will selloff cuz we never do, but this would be a prime chance for bulls to unload stock positions on excited buyers - but why would/should they? JPM should be a momentum clue - INTC is locked it wont budge much from its opening price in my opinion. I shorted JPM stock against my calls so Im hoping it trades back down so I can take a scalp but am perfectly hedged if it keeps running.
The zen beta masters will be flying this morning as etrade,scotttrade,schwab, and fidelity market orders chase them at the opening.
Humbling this business is - truly humbling. I could rail away against this rally but why bother - I can do that again tomorrow when we go up again, and the next day , and the next, and the next...
JB
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