Wish you all great trading day!
The EWZ is far and away my absolute favorite, it obviously has HUGE support at $50, if it gets there, and if I had any balls, and with the Olympics coming up in four years, I would go ALL IN on that thing....................... ACCEPT, for one little, aaaaaaaahhhhhhhhh, item:
IF, it doesn't HOLD $50, WOOOOOO WEEEEEEEE, Sadie Bar the Fricking Door, as not only does an "EQUAL MOVE" scenario work out to the 09' lows in the $25-$30 "area", BUTT, under $50 and it gets into a HUGE AIR POCKET that provides NO support until that "area", very, VERWY dangerous stuff it is if it lose's that $50 level. What I'm saying is, I, PROBABLY, wouldn't be sticking around to long if it lose's it.
1) What about the stock market's strong gains from early 2009 through mid-year 2012?
2) Wasn't the person who has been re-elected now in the White House then?