Day Trading Opportunity
I didn’t realize that Paulson was making a statement today. Forget what I said about today being a hard day to day-trade. Let’s see if our treasury secretary can keep everyone’s favorite day trade going. Remember, sell before he talks and buy right before the end.
I don’t think I’m going to make that play today unless the market is a little higher. Still, it’s amazing how well correlated the man is to market dips (hmmm… there’s a pun here somewhere).
Incidentally, consumer sentiment was just released. 57.9, up from 57.6 in October. Again, poor but definitely not a surprise to the downside.
