MysteryTrader's Commentaries
Jul
25
2007
That’s what THEY WANT YOU TO THINK!
by MysteryTrader
Overall Rating:
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.
Tags: swing-trading | vantagepoint | jobman
