Wow I guess i was right about SOLF headings back to the teens, it is down $2.50 already today. My call on the gambling stocks are also proving fruitful. MGM, WYNN are in a bloodbath today and I truly expect more. The news this morning of Citibank writing off $18 Billion can't be good for the markets and the economy.
Wholesale prices shot up by the largest amount in 26 years while retailers had their worst December in 5 years. Those who want to hide the fact that we in a recession or going into a deeper downturn are just dreaming. The housing market seem s like it will take a much longer time to recover and the market is now thinking the same.
TARGET TO WATCH:
Target to watch on the ES is 1385. A flush to this area will more than likely lead to a high percentage buy opportunity.
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