I waited for a bounce and decided to put on a few more shorts. Can the market really rally here? Many people say yes, but I disagree.
I have a busy day ahead so I put a few stops in place, just in case we do rally. I will be back later tonight with updates.
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Can the market really rally here?
I have a theory if you’re interested.The market will probably bounce around within a range as long as the dollar is weakening against other currencies. Nobody believes Bush & Paulson “stong dollar” policy spiel anymore. If the fed and the fed gub ever do find any monetary discipline, i.e. intestinal fortitude, then the market will move significantly lower. The chances are good that the IBs will be in better shape and well positioned (short) ahead of any move in that direction. More than likely there will be years of morass and feeble returns. Sell on rallies, buy on weakness may be the theme for many years.
What was the interesting thing? Oh! That. Yeah. I should have guessed. This post is good, but not good enough.
I think teenagers shouldn’t be allowed here. They don’t have a clue about life, why are they trying to look smart?