Jan 22, 2010 14:46
Over 500 points loss in 3 days for Dow Jones Industrial Average. So you open the news sites yesterday and today and read: bla, bla, bla, Wall Street didn't like Obama plan hitting banks. I think it is all BS. After market rallying 9 months and volatility VIX is at the lows as if everything is great with economy, what to you expect. Right - profit taking. Traders just waited for the trigger.