Wednesday, November 07, 2007

Things aren't looking good...


If all the massive financials' writedowns weren't enough we saw the SPX go under its 200-day MACD. I think tomorrow could be really bad, and don't think a good unemployment number is going to save you (actually the only thing that could is some big boys covering shorts or going long if their trigger was the 200 MACD). Get out of FXI, short the SPDRS (and the dollar) and hold on to your golden balls.

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