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Bear Market July 12th too August 14th...



July 09, 2010 – Comments (3) | RELATED TICKERS: ABX , AUY , VALE

I'm calling another Small blip here.  I see the Dow losing about 750-900 as more fears from Europe arise.  World Cup has calmed things down over there, but once there is no soccer to dull the problems away, all the fears will be back.


I have set my self up in real life with a few shorts and a very defensive portfolio for the next month.  


Gold/silver has lost a lot of value past week, i expect a nice run up, and stocks like ABX which is around 44 now will eclipse 50.


Brace yourselves its going to be a rocky road the next month....

3 Comments – Post Your Own

#1) On July 09, 2010 at 12:49 PM, MoneyWorksforMe (< 20) wrote:

I second that. I have been increasing my bearish positions since yesterday. Bullish sentiment has returned with a vengeance and it is almost completely unfounded. The fundamentals have been precipitously declining...

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#2) On July 23, 2010 at 10:18 AM, vchelimella (< 20) wrote:

Hi Traderofoptions whats your guess on stress test results will the market react after the results

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#3) On August 05, 2010 at 5:23 PM, vchelimella (< 20) wrote:

Hi Capeverde1 Aug 14th is approaching and we are still at 1120 whats your thought are we gonna see the selloff by Aug 14th...and where do u think we will stop if selloff triggers...any guess

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