Market Comments: Be aware...
The markets are very oversold
Sentiment very bearish, in fact at extreme levels
Congressional hearings stirring up the fear
BSCesc stories coming out on LEH i. e. Pimco reducing their trading activity with LEH
These factors are the non tangibles that can eventually pile up and lead to a rally. We need to stay on our toes and consider covering shorts and/or going long the indices at the end of each day to avoid gap ups killing us.
Thursday, July 10, 2008
7/9T12:27 Be aware
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