Let me rephrase that not long live Longie but Longie is alive at least for one week... Sorry for that last post it was as weak as last week.
no problemo! looking forward to the coming weeks! not everyone will survive that's for sure. i hope i can take advantage of the volatility and make a few $$.
I'm mostly cash at this point. My take is that upside is limited, however. No matter how well the EU issue is handled... What's the upside? Back up to 1190 on the S&P? That's about it. What about downside? 2010 lows in Feb were 1050, and second half last year.... 980? 900? I don't know where the bottom is, and neither does anyone else. If I were running a long only fund, I'd be taking profits and asking questions later.
the trend is still intact (even though trends only exist in hindsight, to paraphrase a former ET poster). with that in mind, I'd venture to say we might have a positive week ahead.