Before Tuesday’s Opening Bell
July 22, 2008
Longs, shorts, forums are completely updated for all paying subscibers.
No matter how much noise I hear out there on the bubblevision I refuse to fall for their trap and get emotionally involved in a market that is so different from one day to the next. The semi-good news is that the general indexes are all in clear downtrends and if stocks can start failing left and right, I will not be shy about getting short.
However, I do realize that we have been going lower for a long time and I would prefer to focus on getting long as quickly as I possibly can. However, medical stocks being the ONLY leading sector does not make me confident that we have seen the lows and it is straight up from here. It would be real nice to see more than a ONE WEEK rally attempt by the financials and the automobile stocks also.
For now, seriously, take it easy and protect that capital. The easy money is waiting to be made and the time is not now. One more time, be careful out there. I am about to pass out.
Good night.
Comments
Comments »
-
Recent Posts
- NASDAQ Closes off its Highs as Volume Slides, but Above Average
- Facebook $FB Files for an IPO as a late day sell-off takes down the S&P 500
- January Closes with a Whimper; AMZN Disappoints After Releasing Earnings
- New Stock Market Article At The Motley Fool
- Closing off the Lows, Stocks Show Resilience
No comments yet.