20081013 A sea of green across the world equity markets today, in optimism on the Eurozone leader's action plan to cure the financial system woes. Some notable quotes "When it looks like the end of the world, IT ISN'T" A fellow trader asked me today on how the markets would go, the reply: "You will see the mother of all technical rebounds today...." I am not much of an experts/guru guy, but there was this expert on Bloomberg TV tonight saying, "This could end up being the buying opportunity (equities) for a generation." The anchor said that this move was a 9.5 standard deviation move downwards, the odds of which were the same as winning the lottery twice or being hit by an asteroid falling from outer space....
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