IN the old days news of a brokerage saying they will take two weeks to advise what their customers loses are would have been met with heavy selling and upon the release of worse than expected news the market would have rallied -- sell the rumor buy the news.
Today the Bear Stern case was the opposite. On news that two weeks would be needed to square accounts the market rallied then when the actual news came out -- today -- that it was all worthless the market is reacting.
The days of ignoring fundamental crapy news is soon to be over. Reality is gonna be ugly.
How things are different these days
Started by
zedor
, Jul 18 2007 12:15 PM
1 reply to this topic