Wednesday, July 13, 2011

Will Thursday be a Horror Show?

imageEveryone’s first reaction to the Moody’s warning was “Look out below!” and the futures plunged.  But you know what?  They actually recovered a bit. 

Tomorrow is going to be interesting.

My first thought earlier that with the market volatility lately, any plunge may be kind of interesting.  Tempting.  You know?  I still think the market heads to the bottom of the trading range, though.  But there is some distance between here and there, and the markets tend to fluctuate and all.


I’m sitting on lots of cash, some low beta stuff, and some oil.  We shall see…

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