Thursday, January 17, 2008

Welcome Big bad Bear! Inverted VIX curve hello!

Well here we are... we are officially in a bear market by definition. The market has lost 1/5 of its value since its highs in early Oct. Down 14% percent. Expect much downside.. Tomorrow the futures will be up a you can play play the bounce just like this morning, (head fake for the suckers). Look for the market to open up in the am but then fall again on widespread pessimism. The fast money guys are yapping and yapping about being long...

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