Archive for July, 2007

Get a grip.

Monday, July 30th, 2007

The stock market seems to be trying to get a grip.
Extremely oversold.
The first bounce after such a severe rout is usually limited, however.
After that, a test of the low would be typical.

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That’s what THEY WANT YOU TO THINK!

Wednesday, July 25th, 2007

With all the press on the housing depression, subprime mortgage blow up, rising junk bond interest rates, and credit restrictions for low quality borrowers, it would be only natural to believe that the stock market is heading for a big correction.
That’s what THEY WANT YOU TO THINK!
But the market is barely down, suggesting underlying demand for stocks. In addition, seasonal tendencies are turning bullish.
I’m covering shorts and probing the long side.
Of course, I’ll be the first one out if my play doesn’t work.

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