I was kinding or praying that we might get a little rally into the New Year, you know that optimistic Bear Market rally, where we think that the worse is over with, even with all of these stimulus packages, and a new President, reality will set in. The real economy and its numbers will surface, and people will begin to realize that they still have alot of debt, the country has alot more debt, and the economy is chugging along, but no real pick-up will occur. Therefore we get that final leg down, and stocks get thrown out with the bath water.
The worse thing that happens after the next down leg in this market, is that it is even harder to mount a good rally, people who bought into the last one have now also gotton burnt.
2009, who knows what it will bring, there are many scenarios we could surmise, I just show up each day, watch my screens, and wait for some kind of opportunity, like the Solar stocks today. Nibbled on a little steel also, GGB, it has a nice chart, and it might get a little run if we can get a good market. I still like the gold and silver stocks, even thou they were flat today, AUY did pretty well. Another one that has perked up again is TCK.
Lastly DXO had a nice turnaround, even thou oil was down for most of the day, not sure what all of this means, but again maybe the market will get us a little rally into the New Year.
Good trading to all, and take the scalps when you get them.
zab
AI
