The bears back to bushes???

sold my QLD made .92 profit on it. Hoping for the markets to take a breather in the next 45 mins.


2pm beige book due out.
 
Im still predicting a drop below 12,000.

As I write this the DOW is up 40 points, probably on its way to new intraday highs after that great report out of the beige book. What a joke :p :p :p :p :p :p :p
 
No way the sell-off in equities is finished. We're consolidating. After enough consolidation next leg down. That I'm nearly certain. That which I am not certain is how long this lasts. I still think we get a protracted but muted sell-off coinciding with a small recession. Might be tough to make a buck unless you trade and this volatility stays high. Long-term I think 6-9 months from now may be a better entry although I think there will be several large dips during that time which will be good long-term entry points for chunks of cash.


The question is where to park money in the interim.

Alternatively I think ag futures may be promising.
 
Quote from S2007S:

is it me or is it that every time Henry paulson talks its always POSITIVE.....:p :p :p :p :p :p
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Fundamentals can be tricky;
i was pretty positive the polar bear population was doing pretty positive. Nice to see that confirmed on pages of NRA publication;[3-2007] stable populatijn of 20,ooo to 25,ooo bears Cool:cool:

Think part of confusion was when i did watch CNBC, they called downtrends ''bad'';& remember during the last bear market, they kept encouraging bottom fishing.Perhaps that was a bad plan;not that the trend was'bad''

NasdaQQQQ opened up 1 penny,today so thats positive;
closed down, lots of downtrend closes from $120 area.
 
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