Amazing how we went to 849.50 on the 850 target and just sold off. Man oh man we are so weak inside here the bounces just not holding for anything.
THIS IS ONE DEAD MARKET.
We will soon be trading in the 6000 area on the DOW
Wednesday, February 4, 2009
Guess I was right!!
Guess I was right with taking off those shorts yesterday- Market getting some lift here into that 850 area. I think this will make way to alittle more confidence for the bulls short term.
Some facts
Some facts about the market here-
1) 2008 we lost all the market gains of the last seven years.
2) 2009 starting off worse than 2008
3) Buy and hold died in 2007.
4) S&P traders believe we are heading lower, most saying 6000 on the DOW this year.
5) Hedge funds being outperformed by commodity funds
6) ETFs will be the main market trading vehicles in 5 years, rather than individual stocks.
7) Liquidity is quickly becoming a problem with less participants in the equity markets.
1) 2008 we lost all the market gains of the last seven years.
2) 2009 starting off worse than 2008
3) Buy and hold died in 2007.
4) S&P traders believe we are heading lower, most saying 6000 on the DOW this year.
5) Hedge funds being outperformed by commodity funds
6) ETFs will be the main market trading vehicles in 5 years, rather than individual stocks.
7) Liquidity is quickly becoming a problem with less participants in the equity markets.
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