Another volatile day....ill take that.. Bought XIV @ 30.26 AND IN UGAZ AT 4.21 XIV 1/2 POSITION UGAZ 1/4 POSITION Should be an interesting close.
My view is that a bear has more chance to win because generally a bear has more weight which makes it hard to kill, and it has sharp claws and teeth, none of these does a bull have. But a bull could run away... a bear can never catch it...
Amazing, This is the 4th day in a row the s $ p is down, this hasn't happened in 13 months. Now that's amazing!!!!!!! Stocks have defied Wall Street convention that the early days of the new year are more often positive. The S&P was down for four straight sessions as of Monday, the longest losing streak in 13 months. The S&P 500 is down 3.4 percent over the past five sessions, and is negative for the Santa Claus rally period for the first time since 2007. That is the last five sessions of the old year and first two of the new year. "The saying is 'If Santa Claus may fail to call, bears may come to Broad and Wall,' " said Jeff Hirsch, Stock Trader's Almanac editor-in-chief. Hirsch said that while there's concern about the market not being up in the seven-day period, he also looks at other metrics, such as whether the first five days of the year are higher and whether January is up or down. The last four times the market had a loss during the Santa rally period, the market was down three times for the full year, but up once, with a 3 percent gain in 2005. In 2005, the market was also lower for the month of January, viewed as a bad omen, and down in the first five days of the year, another bad sign. http://www.cnbc.com/id/102311543