Today had big gains across the board. The S&P up 4%, the DJI up 3.3% and the Naz 3.9%. I heard Bernanke painted a rosy picture saying the end of the recession will be around the end of 2009. He must be passing the bong with Phelps.
It was a 90% up-day. Even though a lot of short covering going on, we should get a nice little rally over the next few days to weeks. The McLellan was around -340 yesterday, which signals a good buying opportunity. Should get confirmation soon if the rally is to continue.
I dabbled in some FAZ for a small profit while it nose dived. Also picked up some FDLR and holding it for a bit.
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