Thursday, June 08, 2006

So I'm not always this right...



The market tanks and rallies back over 180pts today? That's the classic definition of a tradeable rally noted at 9:12 this morning. I'm still looking to be long in the VERY short term as we bounce along for a couple of days.

I still look for a 15-30% decline in the mkts over the coming 2 yr period but for the next day or so we could be looking up (we got back about 1% of my 4% target today).

Image from Clayton last night. That was an amazing sunset........

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