April 30, 2009 - month end

[slg]

Tommorow we have some more distressed economic reports (personal income, unemployment claims), but since it's month-end, we would expect green I assume?
btw why is month-end good time for short-covering, as you said in your daily blog?

[Boogy]

Scary how far this rally has legs. Volume is low and has been. Pisani and
talking heads on CNBC calling for new bull market and hedge funds
were short into earnings and being forced to cover.
I am a full bear on this economy, but losing faith day by day !

[Clive DeVuture]

I have become a realist. I don’t care which way the market goes. I just want to profit from the trend. I’ve only made money as a bear. I feel awkward finding bull entry points. So I have a new learning curve to master.

[Finance Fanatic]

I think most of the bears are waiting for the sign to go in and I know stress tests results are holding a lot of them back... Hopefully as that volume gets higher, manipulation will be reduced, saw some serious PPT at close today

[slg]

What a move. Someone just pressed the buy button at the end of the day, so that it would close green. You will see CNBC articles talking about the first day of May, tradtionally a bloody month, closed strong into the green, and therefore we would have a good month. Some investors maybe tricked psychologically and begin buying next week.

Though, I did see tech, industrial and energy stocks doing very well today - some investors seriously are starting to think we have a recovery, and therefore buying these most cyclical stocks.