see my previous posts. I'll be right one way or the other
Get ready to short everything
Started by
skott
, May 11 2007 01:07 PM
1 reply to this topic
#2
pdx5
-
- Traders-Talk User
- 9,529 posts
I want return OF my money more than return ON my money
Posted 11 May 2007 - 05:19 PM
IT Trend is clearly up so making money on short side here could prove risky.
There is a lot of bulls out there grasping at every straw for the market to reverse
the trend. For example today it was the low PPI numbers.
Well, duh, inflation is usually low when economy is slowing down. Retail sales
are hurting (our nearby Wal-Mart was more empty yesterday since it opened
a year ago than any time I have been there. I was looking at a sweater and
the sales lady actually came upto me and said "that is a great price and you
should buy 2 or 3"! That has never happened before).
Housing is still clearly in a downtrend, gas prices are up sharply. What is going
to reverse this market is the realization that finally the corporate profits will be
hurt by the slowdown. But that wakeup call is still a few months ahead of us.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
