long?
- Thread starter empee
- Start date
Yeah!
(as long as you don't have to ask at ET's to go long? or short?)
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Thats actually quite typical ,
of good bull markets/shrugs off bad news;
reguardless, OCT teck stocks tend to downmove notably
And even though it didnt happen last OCT;
still tends to be a good pattern,
OCT tek stocks usually dip so much =good buy.
The market has yet to discount the possibility of a recession caused by a sticker shock at the gas pump. I almost drove off the road when I saw the price of regular unleaded at a local gas station - $3.31/gallon. The gas station was nearly empty, and the roads appeared to be half deserted.
If rattled consumers stop driving their SUV's from one megamall to another chasing cheap chinese-made stuff like there were tomorrow, the US economy may cave in along with the stock market. All bets are off if there is a shortage of gas.
Yesterday, I took some chips off the table reducing my exposure by a third. I am looking for a Labor Day rally to unload half of what is left.
If rattled consumers stop driving their SUV's from one megamall to another chasing cheap chinese-made stuff like there were tomorrow, the US economy may cave in along with the stock market. All bets are off if there is a shortage of gas.
Yesterday, I took some chips off the table reducing my exposure by a third. I am looking for a Labor Day rally to unload half of what is left.