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this market is really scaring the heck out of me ,,,with precious metals climbing today and the long bond soaring and earnings behind us i can't see what will take us higher,,,the pre e- run wasn't that spectacular and when the nasdag was soaring last week yhoo stood still.this august could be bad if more econonmic data is strong,,could be a replay of aug 94 when the fed did multiple hikes,,plus we also have y2k fears coming and the key will be to time when alot of people will go cash to be safe and just cash out their huge gains they have made over these past four years,,we are entering a post earnings season selloff,,all of these signs have caused me to buy puts in yhoo as i think it may see an even bigger correction.as someone said earlier on this thread yesterdays action may have been a dead cat bounce,,, |
