MysteryTrader's Commentaries
Oct
2
2006
holding short
by MysteryTrader
Overall Rating:
Stock prices are indicated slightly lower before the open.
The September rally may have reflected marking up prices for the end of the quarter. Once that is over, overbought conditions may encourage profit taking.
Furthermore, estimates of double digit growth of corporate earnings may be overly optimistic. Slowdowns in housing and economic growth could hurt earnings going forward.
I am holding short.
Tags: economic-events
