Jack Haddad's  Instablog

Jack Haddad
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Jack Haddad
  • Market still showing resiliency 2 comments
    Oct 1, 2009 3:23 PM

    With today's downside, still no panic selling is evident.  Until proven otherwise, I would busy the dips and hedge my shares accordingly.  Since it's a "stock-picker" parket, look for companies that have unjustly pulled back relative to the market or their peers in the sector.

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  • Macro_Man
    , contributor
    Comments (227) | Send Message
    lets see if the bulls can close S&P above 1040...wouldnt be surprised if they were able to. Also, lets see how the market responds to nonfarm tomorrow. 3month LIBOR is still holding in...and so are swap spreads. So, still plenty of liquidity to play with.
    1 Oct 2009, 03:36 PM Reply Like
  • Jack Haddad
    , contributor
    Comments (96) | Send Message
    Author’s reply » Agreed... This pullback is healthy and intermediate uptrend is stil intact until shown otherwise.
    1 Oct 2009, 04:07 PM Reply Like
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