Looking at todays trades in real time and seeing the bid/asks for some of these stocks, there is a bit of a fear that I feel for tonight. Now, todays winners are Microsoft, Apple and RIMM, and later on I'll post there numbers. Even if they are at a loss, traders are buying into them, because to them, even at a loss, they are on sale! They are the most highly transacted stocks of the day, and in the green, at the publishing of the blog.
What will happen when short selling is allowed? Midnight tonight, the ties that bind are let loose. This will undoubtedly lead into some murderous numbers backing into tomorrows futures. So, right now, just keep an eye on the tech stocks until 4 pm. Right now, check the gains they had, and see what the Wall Street mentality is thinking. You may find, that at the last minute there may be a sell off or a rally. As I stated earlier, I still believe in making that number of 10063 for the DOW closing, however, if we do not see this, then sometime this week, the number 8500 is what we should see. Hank Paulson is going to be speaking today. Check your tickers, see how it goes.
Will be posting after Hank speaks, and of course, after taking into account the impact his talk on the markets. THE GOD EFFECT!! I don't envy him.
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