Yeah, but a bad bail on JEC which is rocking today. Should've stuck with my instincts on that one.
I'm even afraid to short.
me too! It seems too risky at this point. As you say, this has been a horrible market. At some point in the next 2 weeks, I'm going to initiate some intermediate term positions. It's too sketchy to start now while tax selling is still going on. I will say this... if I see that nasty capitulation day that gets talked about continuously, I'll begin actively deploying at that point.
The real wild card is this energy crisis. How will CA businesses climb out of the hole with tighter profit margins combined with significantly higher utility costs. There's not much to like about this market, and I can understand why the CEO's have no visibility. This market could bottom, and just there for several months.
donna
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