[quote=paramount]I’d like to understand how the market jumped 1% in 10 minutes today.[/quote]
Because we’re in a volatile market that has the potential to crash. This kind of stuff happens in those type of markets. There we 10+% up days in the middle of the 2008 crash. Those rallies didn’t last very long usually a day maybe 2. If the market is going to crash I’d expect a decent sized rally somewhere in the next month or 2 in which everybody signals the all clear right before things fall apart but you never know . I’d definitely be careful here, but I don’t know that I’d bet the farm on shorting this market either. Making money in a potential bear market is a lot easier said than done. It looks really easy in hindsight but not when you in the middle of it.
Then again small investors are probably going to get taken for the ride this time just like they did in 2000 and 2008. Even though they said to themselves they’d never let it happen again they are going to let it happen again.
