Wow what a week through Thanksgiving! I made more money that week than I did all year long. I sold at the top on Friday and went all cash. However, I think all dips can be traded from the long side as we are waaaaaaaaaaaaaaaay overdue for an intermediate term rally.
The market loves Obama
The market is in a lot of cash
Xmas season is a reason to buy
Be carefull on the short side....institutions are not hedging short at a lower level, they are buying.
Year end pension/401k contributions should offset any tax loss selling.
Only use short sells intraday.
B
Tuesday, December 2, 2008
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