Mark McHugh

Should I jump in?

In Open Thread on Friday, February 20, 2009 at 12:32 pm

I’m watching CNBC and hearing panic in their voices (probably because they are GE employees, who know the tide is going out…).  This isn’t even a particuarly bad day by recent standards, but we are looking at breaking into new lows.  That has already happened with the Dow.

But:dollarcapture1Here’s an intraday dollar chart from Quote.com

  1. Stock rallies have been accompanied by dollar drops many times recently.
  2. On Options expiration days, markets have had supernatural bounces before (like November 21, 2008) .

All we need now is some “Breaking News”…..

Yeah, I know this is a Train dodge, but I’m bored.

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