Saturday, June 25, 2011

In Las Vegas

Market sucks. No updates for a few as I am in Las Vegas.

Bottom line is that Sell in May has been a winner. The bounces are coming mostly on lighter volume. Lots of fear in the air about Greece and the Euro zone, plus middle east turmoil and worries about a double dip recession in the US.

Hey, at least fuel prices are coming down. I think that's mainly a 2012 election strategy by President Obama.

Anyway, I still think this is a summer correction. I am still in my SPY trade, but may actually become more aggressive soon. It's not really that bad out there.

IMHO of course!

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