Friday, March 13, 2009, 01:54 AM
I'M THINKING OF GOING LONG SOME STOCKS INTO THE WEEKEND. THIS IS CONCEIVED AS A RENTAL AND I'M DEFINITELY NOT GETTING MARRIED TO THE IDEA OF HOLDING STOCKS LONG TERM. BUT WE WENT STRAIGHT DOWN FOR A REALLY LONG TIME AND LOOKED LIKE WE WERE WAY OVERSOLD. AND SOME NUMBERS ON THE ECONOMY DON'T LOOK AS BAD (STILL GOING DOWN, BUT SLOWER) AND THE MOOD OF THE STREET SEEMS BETTER, WE'VE CONTINUED TO PERFORM ON THE UPSIDE AND THE ENTHUSIASM SEEMS TO BE CONTAGEOUS. SO WE MAY GET A TWO TO FOUR WEEK BEAR MARKET RALLY. IT'LL BE BRUTALLY SHARP AND SUDDEN AND TEMPORARY, IF IT HAPPENS, BUT A PIECE OF IT WOULD BE NICE TO CAPTURE.
OR WE MIGHT HAVE JUST A BOUNCE GOING, FIZZLING OUT WHEN EVERYONE DECIDES IT'S TOO RISKY TOO HOLD OVER THE WEEKEND, AND REALLY MELTING DOWN IF SOMETHING BAD HAPPENS OVER THE WEEKEND.
AND IF AGAINST ALL ODDS, THAT WAS THE BOTTOM, (FAT CHANCE) THERE WILL BE LOTS OF TIME TO GET IN AND A SLOW START WON'T MATTER.
EITHER WAY, I'M NOT INTENDING TO GET IN ANY DEEPER THAN I CAN CLEAR OUT IN A DAY OR THREE IF SOMETHING GOES SOUTH. I'LL DECIDE MID DAY....
AND YEAH I KNOW I'M SHOUTING, BUT THIS IS A BIG AND SUDDEN CHANGE AND I WANTED IT AND MY RESERVATIONS ABOUT THE CHANGE TO BE EMPHASISED.
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