San Diego Housing Market News and Analysis
Calling start of new Fool's Rally - this morning
User Forum Topic
Submitted by stockstradr on October 16, 2008 - 8:56am
OK, I'll go on record.
I'm calling the start of a new and bigger Fool's Rally in stocks. Started this morning with markets down 4%.
Rally due to Paulson and fed efforts will show some significant improvement in financial markets.
I'm predicting this rally takes us above the highs we reached on Monday morning.
However, this time I'm not willing to bet much of my money long on this rally. I prefer to go short when it tops out. THis is a GUESS but I think it tops out above 1100 before the end of the year.
Today I'm buying more gold (increase position to 20%). I'm buying a lot of oil stocks. I'm buying calls on the S&P500 (but only 1% of portfolio)
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