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S&P 500: 1,317.11 Change: -0.21%
jfalessio
P&P Score: 98.84   Points: 47.24   Accuracy: 47.83%   Average Pick Score: 11.08   Annual Return: 21.05% (69.73% since 2/1/09)  

jfalessio's Blog : Out of Steam

Date August 5, 2009    Comments Comments (2)    Recommended (69)   
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The recent rally has been a significant upward climb. There was some news today of weak economic data regarding the service industry.

I suspect that the enthusiasm expressed by investors in the form of this rally has outpaced the actual recovery. There will be some sort of pullback in August. I'm going to wait before buying any more.


2 Comment(s):

Author BSNBC     Date August 5, 2009 13:21 Abuse this post Report Abuse
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i wouldn't short this market. everything has been a short trap, so far. just using shorts to climb higher.
Author MightyMo     Date August 9, 2009 21:33 Abuse this post Report Abuse
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Unless it's Oil........
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