by Gavin M.
Shutdown? What shutdown? The market looks just fine dawg. Looking at last Friday's chart on the S&P 500 (above) you will see the market looks healthy and normal. As a trader, I couldn't agree more. The market seems to keep discounting the stupidity of our government. As a trader, I could care less if Washington is having a cocaine party - because boy the momentum is still to the upside for trading.
Some of the message boards and sites out there will keep promoting the angry rhetoric of why we're not lower especially with what's happening in Washington. I'd say life's too short. Just let things be and enjoy the sunshine! I always tell people to make hay while the sun's shining.
It's incredibly amazing how we rallied 20 points off the lows on Friday morning on absolutely nothing but utter bullsh*t. The bullsh*t is strong in this one. This is the new normal - a market of little to no volume pushing prices higher on nothing but wishful thinking.
Perhaps all we need now is a debt default to send the S&P 500 soaring to new all-time highs .... In the end, Buy the F****ng Dip.
Traders from Equity Sense will be writing on this blog on positions and other market-related things.