Monday, March 2, 2015

Early Market Bounce, Will Traders Hold Stocks On A Friday?

September 10, 2011 by  
Filed under Penny Stocks

This morning, the European markets are rallying higher after the European Union banned short selling in troubled countries. From my experience, banning short selling has never really helped an economy. It just proves to investors that the economy was really very weak and now the government is frightened that the problems will get worse. Unfortunately, the problems will get worse for the European Union down the road. In any case, the S&P 500 Index e-mini futures (ES U1) are trading higher by 9.00 points to 1177.50 per contract. Yesterday, the major stock indexes in the United States rallied sharply higher. We shall see if the major stock indexes can put a two day winning streak together, this has not been accomplished since July 21, 2011. Who would want to hold stocks over the weekend in this volatility?
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