It is true that the DOW did recover most of it’s losses over the course of the day, but don’t be impressed. If anything fell lucky, lucky that you get to load up on more short ETFs at lower prices.
Did you see the action in technology? Super ugly!
In my opinion, I am certain we retest the lows, then make new lows.
The economy is going no where fast. Gas prices are hovering around $4/gallon, and people feel dirt poor due to the wealth effect.
Feel bad for the homeless guy on the side of the road? Don’t, it may be you soon.
I just don’t see a catalyst for stock prices to rise. I will continue to load up on short ETFs, while selectively picking stocks at discount prices.
Guns & Roses “Dead Horse”
[youtube:http://www.youtube.com/watch?v=zxGejqxN2WY 450 300]
Tournament Update: The Fly put a hurtin’ on Ryan in the first quarter. We also have a good match up between [[MTL]] & short [[DECK]]. Check out the match up between Green writer & Profitable trader: [[SKF]] vs. [[DBA]]