Signing Off

I am signing off for the day. Once again it is not looking pretty for the bulls. The bulls need a miracle over the weekend or a blockbuster deal. Have a great weekend and a Happy July 4th.


Anonymous said...

Not sure if I should sell my longs into any rally this week? Any thoughts?

The consensus seems to be either ..the market recovers a bit them a leg lower..or we have a decent bounce, up say 5-8%, then say in a trading range.

I'm leaning towards the latter. I've watched these markets for a number of years and after a straight move in either direction ..generally there is a reprieve.

Unless there is more specific bad news...we slowly go up?

Any thoughts?

Anonymous said...

Took a nibble on the long side myself back on Friday, at about SP500 1020. Not planning to keep it, but I needed something to sell if we have a bounce, and I think we will.

Sentiment is universally negative, but it should be negative if we're heading into a Japan type stagnation, as I believe.

Tsachy Mishal said...

You have described my predicament. Im expecting a terrible economy but the universal pessimism usually means that the market is ok.