ExPatriatePen wrote:JeffDFD wrote:Holy cow...and now it is all the way back up to +150. Several days now where the market can't make up its mind and, in the course of one day goes up, down, up, down (left right left right b a b a select start). Someone get this market some meds.
This is being orchestrated (as much as this stuff can be orchestrated) by program trading. The small guy who pays commission and can't trade in milliseconds is going to get crushed today.
I'm happy to sit on the sidelines (albeit with long positions) and wait it out.
B.o.A is the killer today, look for a big bounce after Brian M. Makes his statement after the close.
Yeah, that always plays a role...I am pretty much a buy and hold type investor anyway...just a shame that I bought in a little bit right before the huge drop. I figured after the dow was down for 8 days in a row it was a good time...should have waited a few days longer.
What are you talking about with Bank of America (I assume)? I heard my uncle talking about buying (or he maybe already did buy) in. What is going on? I've mainly avoided financials for a while