Wednesday, June 10, 2009

Sell, Sell, Sell

Sell on any rally within the next few months, I strongly believe the market will crash again in September or October and test resistance. I expect us to dip below the 52% decline and break the 53% resistance barrier of the great depression. The market rallyed artificially on bank profits, the government cash injections allowed them to shjow this but the reality is that the bank stress tests based on older non current data showed the majority to still be unable to withstand certain market factors. In my opoinoion many are insolvent and I wouldnt have a penny over the FDIC limit in any of them.

Copyright Jonathan Rose 2009 - Creative Commons License

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