Friday, December 18, 2009

Sell Em

This gap up has to be faded.  The action in the euro and gold are speaking loudly.  Risk is being taken off the table, and the last to go will be equities.   I am expecting selling in the first hour, and continued weakness throughout the day.  We may have a little short covering rally in the final hour.  RIMM and ORCL earnings have given this market an optimistic tone which only makes me more confident in my call.

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