RE: Markets bottomed this morning Your really predicting a long shot here but I feel a turnaround is coming as well (but a 100 pt SPX rally) that's huge in this environment.
Sold all my short positions at 10:30 today at a nice profit (i hate to be out of the hedge on my longs) but a nice little profit from last thursday was welcome. I can't believe were now green (2:30pm) with all the bad news were getting daily!
Also your comments secured some faith in my gut feeling that something is in the mix to turn this market around, what could it be?
- I also sold some gold positions as I feel that is due for another test of $1200
- and bought some more bank & copper plays as that should rise with your predictions.
Ready to roll!
Cheers.