It's about time this market stopped going up. I mean come on, were only growing at 1.5% on the S&P. JNJ, AAPL, COH, and BAC have all warned already. UVXY should see $20 again by the end of Feb. Just be patient. This is now a pickers market. Very few stocks are buys right now.
ALTR also warned after the close. All these tech stocks ran up in anticipation. This is how wallst gets you. When its too good to be true it usually is. I'm long on a lot of stocks like MCD, HOG, COST, HD and F, but If I be damned if I touch any tech stocks or bios. They are so manipulative. AAPL is a big reason why these guys are crooks. They run the stock to the close and bang now it's down $45 after hours. I own some FAZ and UVXY just in case this market starts to tank. Looks like we may see that now. It's not like this economy is better then is was in 2009. I will not buy any more stocks until we see a big correction. In the meantime I will sit back and make some money on the Vixx.