The Reformed Broker, AKA Butchie Yost, here with today’s Market Recap…
How many of y’all went All In today, like The Grouch & Eligh, with the Dow up give or take 70 this afternoon?
That’s what I thought. No one seems to have any conviction that this week’s pullback has brought us back down enough to reload the long positions.
Fear and foreboding ring from every rooftop on The Street, yet the market is making back ground. Options expiration could definitely be playing a big role here.
That’s all for me, kids. Research In Motion (RIMM) earnings are coming momentarily. I’m expecting a non-event but not playing either way. Expect plenty of analyst questions on the impact of the Palm Pre release.
Thanks for reading, good night!