Markets seem to be holding up rather well all things considering. In fact, how much do you want to bet we close green?
Market looks like it headed back into the green as usual. Financials way off the bottom, they were the first to turn around this morning. Even AIG is up around $4.00 from its intraday lows. :eek:
I'm done. I have closed all my long positions. I caught a good chunk of this rally getting in long from 750-800 and it is now too rich for me. I never expected to hold this long. I did take some off the table and reenter at times over the course of the rally but I don't care to be holding shares long into october. I'll step out of the market for a while. Fall is time to go fly fishing and duck hunting and bow hunting so I'll be out enjoying myself. I'll see how things play out. And wait for clear opportunities to emerge. Right now this isn't the market for me long or short. Maybe if things become more clear to me I can find some opportunities short or long. Good Luck Go Giants!
There's consolidation before the fall. You'll be missing one of the best oppotunities to profit on the downside at least in weeks.