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Don’t Get Your Hopes Up (Yet)
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Don’t Get Your Hopes Up (Yet)

Don’t Get Your Hopes Up (Yet)

by The MoleJuly 21, 2009

1:39pm EDT: I love how the bears are all getting excited now about the current drop in equities. We are down – let me see – a whopping 5 points for the day on the SPX – geee – I alert the media!

Well, settle down hobby bears – nothing has happened yet. We haven’t even officially cleared that SPY channel – retest is in the works right now – if we’re lucky. The bulls might just manage to push this thing back inside and watch the bears scuttle off like cockroaches if they do.

Seriously – the bears have taken it up the ass so hard in the last week that a 16 point drop in the ES feels like Christmas Eve to them. It won’t be so easy – and we probably see a few more head fakes before/if this shit breaks.

1:48pm EDT: BTW, if you can’t find CNBC on your cable lineup today – it’s because they changed their format a little:

3:04pm EDT: Freaky hour is upon us. Unfortunately my paranoia was well founded – as usual. However, I’m actually pretty excited – yes, please let them close the tape up the 7th day in a row 😉

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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