Tuesday, January 26, 2010 10:08:25 AM
China is possibly caught up in a massive housing bubble -+ right now (my opinion)weighing heavy on china stocks see ETF: FXI
ALSO:
USA S&P 500 index has been breaking support areas (in the process of but not finished breaking support area). Many markets don't look good.
Long positions are tough right now. I am 100% short.
I also follow the 10 Amigos and look to see how these once high flyers are reacting to market forces. The better ones show their colors during bad times.
Have a GREAT Day!!!
NickC ...... Sunny Florida.
" If one advances confidently in the direction of his dreams, and endeavours to live the life which he has imagined, he will meet with a success unexpected in common hours. "
Henry David Thoreau
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