Just saw the CNBC survey of money managers, all of them were looking for the S&P to be higher by the end of the year, with ranges from 1100 to 1200. Wow! They all agree that this is not the big bad correction and that the market will rally in November and December.
This would give me the chills being long. It gives me a lot more confidence to go short for the intermediate term on any rally as I think we've got to go lower before we can shake out all the weak longs in this market.
Here is the article: http://www.cnbc.com/id/33508638
Wednesday, October 28, 2009
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment