The New CS Board

[ahimsak]

Not doing much other than a small hedged gold position, which will get called away if gld stays where it is by friday.

My gut is we run to 1400 or even 1420 by the end of the week, then the big dip starts. But I have lost way too much money in the past playing a rally like this.

choppy up and down pattern not the base for a new leg up, but could support a run to previous highs. I will short if that happens.BTW, buy food, as prices going up soon with the draught. That could help push the economy into a worse recession.

bottom line: Political situation not good for stocks in the next year, but fed would push prices higher short term.