Some very strange trading on low volume. Still waiting on the sidelines. The overall markets have everyone in a, not wanting to miss the boat, mentality. Once people say screw this and jump aboard, thats when the big boys pull the rug from under us.
I agree to a point. However, if there is one thing I've learned playing this game (market), nothing is what it appears to be.
Capital expenditures are being reduced by 33%. That is slow growth, going forward, IMO.. Don't like that too much.
Looks like tensions in the middle east, are escalating to possible war. Analysts are predicting 115 - 120 per barrel of oil. This will not bode well for our economy. Wonder if the US will get sucked into this one. Just when the economy looks like it may be turning for the better, something always seems to push us back in the mud! http://news.yahoo.com/israeli-airstrikes-syria-prompt-threats-anger-212205572.html
If this goes to low 3's, I will probably buy in. I still have not established a comfortable core position. What do you think the chances of it hitting the high 2's?
MGT shorts have increased by 200% since Feb!
It won't hold up, if the correction inflicts fear. Most corrections do cause some panic. Been around long enough, to know. I'm going to sit untill an opportunity presents itself. GLTA........
I think the market correction is in play this month. I will wait to buy lower. Got to be patient.
What r u looking to short? I've been waiting for this correction, for some time, now.
The short term, for now, is lower imo. With a major correction looming, I'm sitting on the sidelines.