Did I mention the market is turning lower? Oh yea, see this
post BE The Bear from nearly one month ago on October 23rd.
Since then bearish posts on C, SINA, MSFT, AAPL, GOOG have been spot on!
It helps when the entire market turns south but the signs were, and still are, there. All major indices are below their respective 200day moving averages and many leading stocks are also below. That, needless to say, is unhealthy.
It helps when the entire market turns south but the signs were, and still are, there. All major indices are below their respective 200day moving averages and many leading stocks are also below. That, needless to say, is unhealthy.
And with tax increases coming in 2013, why WOULDNT people want to sell in 2012. I dont see much relief for the rest of the year. Playing from the sell/short side is likely the smart side until 2013.
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