Friday, September 23, 2011

At 10:30 am....

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. 

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