9/26/2008 3:43:42 PM: Basic Wealth Management bought 1 units of IOO US at Usd 64.39

Considering today’s bad news (WaMu taken over by JPM and uncertainty about the bailout), we find the market reacting very good on this news. (Dow and S&P are up and Nasdaq almost flat) A market going up on a bad news is a market that wants to go higher. Additionally the market is still in oversold territory and BWM expect a relief rally to take place soon.