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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Wednesday, October 8, 2008

Flat first time since August 2006

I have been a market bear since August 2006. I do not believe now is the time to buy stocks.
But at this level, I cannot short stocks, and therefore I have closed all my short, puts, and doom across the board.
My point is, I don't believe in near term collapse, there will be better timing to sell out of the market. Then again, I could be wrong and the market continues to melt. Time will tell.

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