Wednesday, August 26, 2015

My Prediction for the Last Hour of Trading

If I was forced to predict what will happen in the last hour of trading today, then I would say that there will not be any downside fireworks.

1. The King of Booyah (Cramer) is urging caution. Enough said.
2. Much of the temporary excess fear seems to have been squeezed out.
3. It would be way too easy to predict that what happened yesterday will happen again today. Since when is anything ever that easy?
4. Steve really needs to catch a break. I'm pulling for him! ;)

That's my reasoning. I'm not a trader. I'm not putting any money on this prediction. I'm just throwing it out there as an opinion. How confident am I? Let's call it just over 50%.

Why am I predicting this? Just for fun. That's it.


Stagflationary Mark said...

One more thought. I have no opinion on what happens between now and the last hour of trading.

Stagflationary Mark said...

The last hour of trading was pretty much straight up. Who would have guessed? ;)