InvestorsHub Logo

cash2go

10/11/08 12:24 PM

#600566 RE: TJ Parker #600554

Bears turning to bulls?

All seem to see it as as a 6 month to 18 month period. That would be very long term in trading terms. Put most of my cash to work into the selloffs today. Prices were at levels I never thought I would see.
Another factor for me is the threat of dollar dilution coming in the new twists in the "rescue" packages coming out daily. Would rather go down fighting, siding with good stocks plays, than let the Feds simply inflate away my savings.

Need a strong bounce so that I can throw on some shorts to hedge with. Does long Gold count? Friday's gold selloff has me puzzled so I bought it, will likely find out soon how stupid that move was.