Bernard, yep, the index rally fizzled. Of course, I took my meager gains, but I didn't reverse & go short. So, for now I am adding to some of my obscure ratdog stocks, and some just keep getting cheaper, so it takes a strong gut to go opposite the trend. But, as we all well know, that is the game....
I have never, ever liked the airline stocks, just way too much capital outlay, too many labor problems, among other things. But some of them are due for a nice dcb, so I may play a few, only for a daytrade.
That Fed funds rate is bothersome to me, if it works, swell, if not, we are in deep sh*t...........
Rate is under 1/2%, down 1.25%, now @.25 was .75% an hour ago. It is hard to go short the indexes when they are pumping billions of $$$ into the system. A very dangerous position, Imo... |
