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!
Saturday, June 25, 2011
In Las Vegas
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