Another one bites the dust! Reports from the Wall Street Journal indicate that Washington Mutual (WM) are ousting their CEO, Kerry Killinger, this evening. Seems like as the government is doing some housekeeping, some of the other financial instituions are as well. Tomorrow’s going to be extremely interesting in terms of market action. Now I’m thinking we will see a 300-400 point rally tomorrow and it may actually stick. How long this governement induced rally sticks is anyone’s guess. I don’t think more than a couple of days but you never know.
For those of you who went long at the close Friday, congrats! Next time, share that inside info with the rest of us