Tuesday, October 11, 2011

1068

Still holding as the bottom and surely was a great call. In the mean time just read John Paulson fund lost 47% year to date as they were too bullish. If those guys can lose anyone can lose but the problem is everyone want to be in the market. I warn a lot of people this year not to be heavy in the market because volatility is going to kill us and it surely has- Earnings season starts tomorrow and we should wait to see how earnings is perceived before we dive in. In my opinion, and this is just an opinion I think there is a good shot to get back to 1216 on the S&P and possibly 1250 but we have to wait and see. Right now we are overbought and we are still in a big picture bear market please.

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