Markets found SUPPORT & made an impressive "V" bottom......
There was sign of major capitulation today when Dow was racing towards 400 down level......
When all the doomsters are so sure that we are heading FURTHER down....markets USUALLY turns UP.......
If you listen to Fast Money crowd...you will be CONVINCED to SELL everything and there is NO reason to be in any stock at all.....
These are sign of MAJOR bottoms.....
ALWAYS believe in your OWN due diligence.....away from CNBC & all their experts...who are convincing everybody that LIQUIDITY issue will bring this world on its KNEES.......
This liquidity affects a small segment of "SPECULATIVE derivatives which includes HOUSING"
Markets will bring confidence back to investors by showing strength @ close...I hope.....
Good luck on next 2 hours.......short covering.....hopefully !!!!!
Saleem
No comments:
Post a Comment