Friday, August 20, 2010
Bad Fundamentals
The economy is clearly slowing and this week just confirmed the bearish fundamental case. Next week, existing homes sales on Tuesday and jobless claims on Thursday will probably come in poorly. I want to buy dips but only for quick trades. September could have some nasty surprises in store for the bulls.
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2 comments:
Dude thats all priced in. Everyone knows how bad it is. All you've been hearing the last 2 weeks is double dip. The news would have to be incredible bad for the market to go much lower.
This market is going to go back to retest 1100, which it could not break thru this past week. I believe
we break thru and go to about 1115-20....then a small pullback before a bigger year end rally....Republicans are going to clean house in the elections. The markets are going to take off.
watch market open lower monday. that's the trend. lot of people are overnight long.
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