Dow up almost 2.5% today. I got beat like a red-headed step child.
Today's action explains my hesitancy to pull the trigger. Up 200, down 200- fuck that.
So having officially capitulated, I am now net long. It sucks but what are you going to do? If I have to get long to make money I will do that. Roll with the punches and live to fight another day. Easy come, easy go. Yada yada yada.
Financials in the green and oil in the red is a powerful potion for higher stock prices. I still think we could see another 600 points of upside on the Dow. I might even get long some beaten down financials just for shits and giggles.
Tuesday, July 29, 2008
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