Thursday, January 29, 2009

Markets Gave Up All They Got Yesterday, And Then Some

So much for a minor sell off that I was expecting. I guess there this market is just too sick at the moment to put together a huge rally out of this bear market bottom. And to be honest, I again found my portfolio fairly neutral today instead of having huge profits from my shorts. Still, I am glad members and I sold out of (OIH) yesterday because it was down nearly 4% today. I have a lot of charts to look through before the video tonight (including gold at the request of some members). I'll be back later with a big wrap up video as we try to digest what happened today and where we are going next in this extremely volatile market...