Friday, December 28, 2012

How Far Will She Go?

Don't let yesterday's close fool it's looking like we are heading further down. Everything was setting up for a big down day until some late fiscal cliff news brought the markets almost to break even. This was a hoax.

The underlying numbers show that the close was nothing more than a show. The markets are headed down. Make sure you are not long and take a short position if you want. I'm short a specific ETF that I'm experimenting with. I'll talk more about it later.

There's always a chance some new fiscal cliff news could come out and send us to the sky, but don't count on it. Until the underlying numbers turn stay short.

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