Shorting more stocks July 2, 2009
Posted by Warren in Stocks, Strategy.trackback
It looks like stocks are about to roll over to the downside; cyclicals are struggling and the economic growth story is starting to lose its lure. Fears of credit (consumer credit) contraction is back in the media and the long term implications of jobless Americans are coming to light. From a technical perspective, almost everyone seems to be talking about the head and shoulders formation. Despite this renewed bearish sentiment, only time will tell if this correction gains any momentum. As much as any calls for hyperinflation are premature at this point, the government’s recent indications about closing down the various credit/liquidity facilities and stimulus measures are very premature.
S&P: 9-month
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