Tuesday, May 19, 2009

20090519 1445

DOW 8,528.05 +23.97
NASDAQ 1,747.57 +15.21
SP500 915.45 +5.74
Federal Reserve expands banker bailout program. The government-sponsored payoffs to their banking buddies in my opinion goes beyond the charter of the private central bank cartel. This news is pushing (pulling?) the market (casino) higher. When people can't trade reliably because they don't have insider banker bailout information, will the people leave the markets? Interesting the indices aren't up more from scared shorts throwing in the towel. There doesn't seem to be much buying volume.

AGQ 45.88 +2.74
SSO 26.03 +0.35. Sold at 25.94 for a .10 per share gain (before the additional banker bailout news).

SIGM 15.96 +1.32

No comments: