General Stock Ideas

[bigworld]

gfp: If it turns out that we do enter correction mode it will be from the exact area I originally thought it would occur.....1400-1440. I jumped in a little too early when the market could not seem to overtake 1375 after dozens of attempts. But as of current prices all my HDGE shares (my largest short play) are in positive territory. But I can't trust any downturn until it occurs. It's all dependent on what the cabal does or doesn't do. There was no fundamental justification for the ramp up in the first place, but it occurred despite the continued absence of significant retail buying of equities. Then when Bernanke announced no new free money boondoggles (yet) the market is pouting. Funny how parties seem to fade when the punch bowl gets taken away. No trading on Friday, which means next Monday should be very interesting. Depending on news, rumors or manipulation (probably all three) we could open on Monday anywhere from down 250 to up 250 (on the Dow). And as you said things in Europe are deteriorating rapidly. The lack of meaningful employment, especially among the young in Europe is a powder keg waiting for a match. Young unemployment (18-26) tops 50% in Spain and Greece. This could turn out to be an awful summer of discontent in Europe.