A diary of the thought process behind my investment decisions
Mind The Gap
After Ben Bernanke's Washington Post article, where he admitted to trying to juice the stock market and destroyed any credibility the Fed had left, the SPY gapped up from 119.95. It looks like we might get a gap fill today as we already did so in the overnight session. That area should be good for a bounce if we get there. That said, I think it eventually gives way before this correction is over.