Contrarian market commentary and economic postings.
Thursday, July 01, 2010
UGLY CLOSEUP
Looks do matter, trend IS your friend if you don't fight it, applies to bulls and bears alike. The 50 and 200 are telling us the trend is down. PICK a bottom if you must....
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I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
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