U.S. Stocks Look Like They're Still Headed Lower [View article]
Very good article puts things in perspective to those now calling for a Christmas bull. To be sure no harm for short term traders to go long but with stop loss so this trading stance is not inconsistent with Peter's article calling for selling into strength US and emerging markets.
On balance I am very wary and on the bearish side longer term but for Dec 08 the bulls might have the upper hand. Dow 7k or lower [in time to come after this rally] is entirely possible if deflation continues despite all the monster bailouts.
-
Very good article puts things in perspective to those now calling for a Christmas bull. To be sure no harm for short term traders to go long but with stop loss so this trading stance is not inconsistent with Peter's article calling for selling into strength US and emerging markets.
Nov 30 07:20 am
|Rating:
+1
-1
All Comments by investor88 »U.S. Stocks Look Like They're Still Headed Lower [View article]
On balance I am very wary and on the bearish side longer term but for Dec 08 the bulls might have the upper hand. Dow 7k or lower [in time to come after this rally] is entirely possible if deflation continues despite all the monster bailouts.