Quote:
Originally Posted by Vanity
http://www.bloomberg.com/news/2011-1...ampa-says.html
and
Black Friday expected 152 million shoppers with 2-4% increase of profits this year. We got 226 million (a record high) and 9.1% sales increase. Last year Black Friday reaped in $45 billion, this year it was $54 billion. The weekly job claims will also be coming out this week as well. It'll be expected to report below 400,000 again. This would be the fourth week it's been reporting below 400k, so the markets ought to take a positive stance on the reports now as they're no longer "anomalies" but a trending pattern.
This week would be a good candidate for a mini-rally.
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are you going to be holding on to your tvix throughout this mini-rally or will you close (or already closed) your position and wait for the following drop towards october lows?