BullDawg....
Thanks. As I feared, the cover for both CCMP and QLGC was early and the JPM cover was late, but a nicely profitable morning overall. I still have the MRVL, but may cover it also today.
Will the markets take the durable goods or the Consumer Confidence report as the true indicator of the economy? I think the CC report will end up being the better indicator, and expect the durable goods numbers to be revised downward next month just like it was today for last month's number (and most every number from government reports has been subsequently revised downward).So despite the optimism this morning by the talking heads who unanimously proclaimed the "death of the double dip scenario", I continue to think we slip back into recession, and cite for support the CC report and INTC saying that it sees no signs of a recovery.
The real problem is what to do now, and for the rest of the week. I still think a light volume rally into the weekend is more probable, although I doubt it will be a strong one and am not sure if it will start today or tomorrow - it will likely be difficult to trade, so perhaps it will be best to concentrate on the onset of the new college football season and all the games Saturday. Go Big Orange !!
mlsoft
