I remember from trading futures on a prop desk being told to “click away!” on a good number (meaning buy as much as you could to go along for the ride). It was amusing this morning to see the S&P 500 futures rally on, as the wall street journal put it, “Orders for durable goods jumped 4.9% in July, the largest increase in two years!” Unfortunately, ex-transport, namely government/taxpayer subsidized cash for clunkers, durable goods was below expectations at .8% versus consensus .9%.
Hate to be that guy who didn't think before he bought...
