Will the market now eat it's own a$$ out?
I'm not sure what that means, but I think the NASADQ is just floundering around. It's best days are behind it. 3600, if we're lucky, before the 'big one' hits in 18-24 months. Then, it's heading for the 600 area. Not a typo, I do mean six hundred.
I just try to play the ETF's both long and short, looking for a trend.
Occassionaly, I buy an individual stock for a trade, like VLNC, SYBD, or AAPL, for instance.
All the talking heads are looking for the financial to make a comeback and lead the markets higher. Ain't gonna happen. They said the same about tech in 2001. I'd love to see the XLF rally to 30 or higher, cause it's going to 13.61, at least. The SKF is a great way to play the downside on financials: -2x the exposure.
GS reporting Monday, could be some fireworks in the financials Monday and/or Tuesday.
I hate to come across so negative, but I just trade the markets as I see'em.
I think the worst thing somebody can be is a perma bull or a perma bear. Don't get stuck only looking for the markets to go one way.
Now, if I can just get out of my AAPL trade.... ;~)
