We are at a very tough position. The S&P is either bottoming here, or is about to fall off a cliff. You can see that we have seen similar situations in the last year and they have gone in different directions. I took my shot at the long side and after an IFT Thursday morning, I'm done with that. It didn't really work out.
With what the gov't is doing I don't feel very good about the market for the next few weeks. It should have rallied by now.
With what the gov't is doing I don't feel very good about the market for the next few weeks. It should have rallied by now.
