Are The Bears Anywhere Close to Being Done?
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Good Friday morning everyone. I hope everybody had a good week, but if not, I hope you have a better weekend. I was going to give you another stock pick today, but I figured three in the last week is enough to keep us busy for while, and there's something more pressing right now anyway... the overall market. Besides, we've got two more ideas coming Monday AND Tuesday. Be sure to check your inbox both days.
You already know stocks are getting rocked. Between Ireland's downgrade, Italy's austerity, the looming U.S. debt default, Bernanke's constant flip-flops on another stimulus measure, and the fact that the market sometimes remembers none of these things really matter in the end, investing for the long haul right now is about the same as spinning a roulette wheel (but ironically, with less of a payoff).
If you're willing to be a true short-term trader though - and if you know what to look for - I think you can navigate your way to some profits over the rest of July.