Looking towards Monday:Futures rise on toxic asset plan reports
filed in My Investments on Mar.22, 2009
The title is really all that needs to be mentioned for Monday.
It looks to be a very chaotic day on the market with a really strong open. The toxic asset plan is supposed to officially unveil on Monday but most of it has leaked. Currently futures are sharply higher and I am kicking myself for selling (AIG)! haha. Oh well.
If you own bank stocks, look for a gap upwards, but those looking to buy Monday, think twice before placing an order at the open on emotions. Last week we saw so many back stock go up day after day before really falling back to reality on Friday. Everyone has to take a profit at a point, when you see a dip, then get in.
Asian stocks are up sharply right now.
More news on the asset buyback: Link.
Hope you all make some profits Monday. If your short, you are really about to get squeezed so its best to cover your positions. Bank stocks are really ready to run up right now from all indicators.
Happy Investing!
Aman, MBA
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- Monday Drops
- Green Monday and Look Towards Tuesday…
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