Tuesday, February 26, 2008
It's a nice move with Semi's leading the charge, but it this keeps up all day long I will use the strength to rehedge and go short if indicated. So, is all the bad news that's out there -- out there? This what the market seems to be saying over the last several days and we may well see a run to SPY $140. Until we definitively broach the 200-day, however, this is but a bear rally.
PS - What's up with this new "Squak Box Rewind" deal on CNBC!