Naw, I think it will go to precisly 1068.5 and then stall.
🙂
I’m joking. I hope you’re right. You could be right. The only instinct I’m feeling is that this current fool’s rally will go “substantially” above 900. We are already at 916.
So far the rally has been good to me. My oil stocks (BP, COP, MRO, PBR, UCO) are up 10% to 20% in less than seven days. (makes me wonder if I should dump ’em)
My Wells Fargo is up 27% since purchase on 11/20/08. My 2X gold ETF is up 10% in a few days.
I bought SDS at S&P500=900, so that one I’m already losing money on…as the S&P500 has moved up to 916.
However, I’m still about 60% cash. I’m keeping lots off the table for now, waiting to see if opportunities come that I haven’t anticipated.
