Wednesday, December 14, 2011

Europe Sinks Stocks!

imageToday’s headlines read that the Europe sinks stocks because of debt.

Same old. Same old.

But things don’t look that good from a technical perspective.  And here we are in what is supposed to be a bullish time of year.  Geez, what will January bring in this scenario?

Anyway, I remain long via the black box buy signal of November 22nd. 

I still think there is a chance this is a head fake and we could rally into year end.  But then again, everything is driven by what is going on in Europe.  (Ignoring the big $15 trillion elephant of US debt in the room…)

blog comments powered by Disqus