OK, here goes:
There remains strong buying in front of the quarter-end. There is still the question of letting October’s hedges burn to the ground, just like September’s. Plus, everyone now knows that the election will sweep in the Repubs and fiscal austerity.
The time to take profits, sell & short will be just after the October option expiration and before the election.
When everyone is excited about the market’s fall rally, the election and the seasonally strong Holiday time of the year, we will get wacked.
There. It’s on paper…Now tell me why I’ll be wrong…
Comments »