Any bulls on here? Well, what did ya expect. Sell off should be no surprise..... sell the news and 1/2 cut built in as they say. Heck, the way the talking heads were yelling a full point today, we'd probably have sold off with a 3/4 cut.
Seriously, what will hold the market up now? Where is the leadership? Now we get through this earnings season, we already know this quarter will be another tough one on earnings, slowdown this, slowdown that..... we'll hear it all this quarter. Sideways, zig/zag, until next Fed meeting? Yep, probably so. Maybe Fed step in early with another cut. Something to ponder.
I still think the ole Naz wants to touch 3000. I remain bullish in that regard. Consequently, I'm going to continue with my present strategy, as I posted the other day, play the volatility primarily, and add to June calls in JDSU, EXTR, and BEAS along the way.
Hang tough, Troops.
Let's hear some MOO's and SNORTs for the BULLS.
RR |
