Prepare for the dip.
In my opinion the biggest market turning earnings reports come out next week.
CSX will start off Tuesday on a downer and Intel will pile on. I expect a very big reaction and have just unloaded a bunch of my green thumbs and added a bunch of red thumbs.
Wednesday, JP Morgan will surprise with disappointing earnings as well. ANOTHER DOWN DAY ON THE MARKET.
Thursday, Google will surprise with better than expected earnings, but I think the market reaction will be weak.
Friday GE will give the market even more bad news and the double dip will go into motion.
This is a very, very, very, speculative post, and people shouldn't try to time the market, but I'm timing the market.
The fundamentals of the market are non-existent and the market has been propped by inflation and accounting tricks for way to long. We are finally going to see a catalyst to take us back to reality. It won't last long because our government has been preparing for it and is ready to announce QE2.
My advice is to stay away from green thumbs (other than maybe Google) and short crap this week.