It is getting panicky out there. Europe is trading like the black plague and that is dragging down the US. I believe we are close enough to the bottom to start buying so that is what I have done. It is scary out there but it always is when you are close to a bottom.
Crude oil looks like it has bottomed, and that should help stocks eventually, once Europe settles down. I am hearing talks about Lehman Bros when people talk Deutsche Bank. That is clearly going overboard but it is shoot first, ask questions later. Like risk reward of a long here. Risk 30 points for 100.
Tuesday, February 9, 2016
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