Market Surges Off Lows

By iamned - Last updated: Monday, April 27, 2009 - Save & Share - 4 Comments

Yesterday evening when the S&P 500 futures were down two percent I blogged and posted on Seeking Alpha about how the swine fears were overblown. Being the third wisest human in the world, it came as no surprise that I was, a matter of fact, right again. As of 9:30 AM pacific time the markets are surging having brushed off the imaginary pandemic fears. It’s so fun being smart and right.

The chart below illustrates the panic selling last night on unfounded flu fears. As I predicted, buyers promptly stepped in.

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4 Responses to “Market Surges Off Lows”

Comment from TJ
Time April 27, 2009 at 4:55 pm

And down she goes…

Dear Ned, true earnings for S&P500 (not “operating earnings” excluding all the supposed “one off” events) are now negative. We will have a P/E ratio of 62 in a few quarters if current estimates are correct. You can get the data direct from Standard and Poors:
http://www2.standardandpoors.com/spf/xls/index/SP500EPSEST.XLS for data

Comment from old trader
Time April 28, 2009 at 6:52 am

Hey dude….

Didn’t hear anything from you after the close…why might that be?
Oh, and btw, based on the overnight futures later this morning’s not going to be lookin’ too good for you, either.

Comment from joe
Time April 28, 2009 at 4:18 pm

Dear Ned, you are clueless. You have fallen off your rocker. Please stope with the nonsense, you are hurting real people(in the case that someone actually listens to you).

Comment from Ali
Time May 13, 2009 at 7:53 pm

Ned has zero blogs from September 08 to March 09. Now why might that be Ned? Is it because ‘the third wisest man in the world’ was too busy scratching his nuts?

“It’s so fun being smart and right.”

All work and no play make Ned a dull boy…

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