Posts filed under “RR&A”
Last week’s trading call, unedited, typos and all, is now posted: Welcome to the Second Half!
Here’s the money quote:
However, given the ongoing decay in the fundamentals — the economy is
actually getting worse, not better — we would look at any bounce as
just that: An oversold counter-trend rally that should be sold into,
not chased upwards.
Not the greatest timed trade, but the overall sentiment is about right . . .
Several weeks ago we discussed the likelihood of a tradable low being put in place. On January 23, 2008, we thought conditions were in place that would allow agile traders to play for a bounce — but advised that long-term investors avoid the sloppy tape. At that time, we suggested an 8, 10, or 12%…Read More