I called for a market correction on April 2, 2012. It may be a touch premature to say it's done but the indices look rather robust. I wish I had the S&P 500 index volume figures but I'm assuming it's on the high side. I'd close all inverse etfs and go between 25% to 33% long in ur portfolio. I'd keep the rest in cash and pyramid into this rally next week if it holds true. There's still a real chance this rally fails ... so no more than 1/3 of ur portfolio in long positions is recommended. Good luck to you all.
Stock Market Correction Finished April 17, 2012
I called for a market correction on April 2, 2012. It may be a touch premature to say it's done but the indices look rather robust. I wish I had the S&P 500 index volume figures but I'm assuming it's on the high side. I'd close all inverse etfs and go between 25% to 33% long in ur portfolio. I'd keep the rest in cash and pyramid into this rally next week if it holds true. There's still a real chance this rally fails ... so no more than 1/3 of ur portfolio in long positions is recommended. Good luck to you all.
Update 4/17/2012
Officially jumped the gun ... I'm market NEUTRAL. Sorry fellas ... no volume in any of the indices ... too early to say TODAY market goes into an uptrend. I assume with this huge increase in all the indices that volume would be high.
My mistake, I apologize. I'd stay CASH.
Update 4/17/2012
Officially jumped the gun ... I'm market NEUTRAL. Sorry fellas ... no volume in any of the indices ... too early to say TODAY market goes into an uptrend. I assume with this huge increase in all the indices that volume would be high.
My mistake, I apologize. I'd stay CASH.
the funny money injection has shown signs of running it's course, also looks like 'they' made a test run at running up the rates on the 10yr, and realized that is not a possibility at this point (or ever). Next move for treasuries is to get more expensive
the funny money injection has shown signs of running it's course, also looks like 'they' made a test run at running up the rates on the 10yr, and realized that is not a possibility at this point (or ever). Next move for treasuries is to get more expensive
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