Bears Dread Mondays

Monday's have been an absolute killer for bears recently, as money pours in over the weekend. Not to mention the risk of a Merger Monday. Even though Tuesday is likely the bears best chance to turn the market around, I am going to stick with my medium sized net short position.  The VIX is plummeting, calls are being bought and fear is non existent. Have a great weekend.

2 comments:

Market Owl said...

You're right. I've been conditioned to not be short over the weekend. Because I've been burned quite a few times. One of these Mondays, we're going to gap down hard and not look back...

Anonymous said...

And not look back?.....that's just not going to happen.

Speaking from a neutral position,(not currently invested) All the blogs posted today from Capital Observer and others just sound like people venting on the market because they were SURE it was going down today. And they are SURE it's going down next week. Do you really think this recent market
rally is going to 180 a week before another good earnings quarter? My $$ would be in about 3-4 weeks. Right after earnings we tank. Well thats what I'm waiting for.