Of course, my wild prediction of 2000 Dow points down this coming Tuesday was just an emotional wild guess, but who knows, stranger things have happened in this world!
Tuesdays are often know as "Turnaround Tuesday" in the market lingo, because prevailing market trends are often stopped dead in their tracks, at least temporarily on that day. But this time around, the market is closed on Monday, right? So this time around, Tuesday should act like Monday, so who knows what can happen..... Make no mistake about it though, even with all the "cheerleading" and the stubborn "permabulls" continuing to try and jawbone this market ever higher, we will have another serious crash and or bear market in due time, and there is little we can do about it, except perhaps protect our portfolios with some long term LEAP puts..... Yogizuna |
