investor88

Q2 May Be OK, but Challenges Remain

James has made some insightful observations, appreciate the data. Housing and vehicles trends are rather weak ["house prices continue plunging", "vehicles sales are plummeting"], 2h2008 gdp is weaker than 1h2008 although outlook for 2009 is stronger. On balance the outlook is one of weakness so this is no time for traders on the long side to be fooling around, stop loss protection may be appropriate. Those so inclined may even bet on the short side although I would also put in a stop loss as a matter of risk control discipline whether trading long or short. Long term holders Warren Buffet style may see lower share prices as opportunities to further accumulate selected stocks but that is another subject.