Stocks are mixed as traders (both longs and shorts) try to decide whether to hold their positions over the weekend. Art Cashin (the UBS market strategist - with 40+ years on the exchange) think this market is setting up for a crash on Monday. He then thinks that will be quickly followed by a MASSIVE rally. Now, he has been looking for capitulation for about 10 years.
Right now:
Dow -17
Nas +11
S&P +1 to 1130
If you are in the crash camp, it might be wise to put some protection on your accounts over the weekend.
Friday, September 23, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment