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Carl Spackler
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I graduated with an economics degree and joined an investment house where I learned the investment business using other peoples money. I eventually started my own finance company which I sold a few years ago. I have been a fanatical stock and commodities player for over 25 years. Finally, to... More
  • S&P 890 is the big Number 0 comments
    Jun 18, 2009 12:03 PM

    We continue to wait for a victor in the Bulls vs Bears war.  I still contend that the Bears will win this one and we will see a return to the bottom, but until the S&P can break its support, we will continue to watch people throw their money away.  This market has support at 885-890, so a strong move below that figure is our stop to go against the market with the usual barrage of QID's and SDS's (Ultra shorts).  At a minimum, we will see a 100 S&P point drop once we break the support, but my hope is to cash in on a 300 point slam through the end of the year.

    Stay tuned in!

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