Friday, January 8, 2010
Premature Raid
I am like many others out there, I have underestimated this bull market and the liquidity flowing through all assets. It seems insane to be shorting such upmoves, but the sentiment has gotten so stretched to the bull side that I expect a sharp selloff next week. I'll have to regroup the troops and make another raid next week. I was too early this time. I am going to be flat over the weekend.
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1 comment:
Why would anyone who is long their stocks, sell a week before another good earnings quarter? Makes no sense. Any dips will be quickly bought.
And all you shorts will most certainly cover any chance you can get to even or up 1% because you are afraid of the markets strength.
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