Dow Jones Selloff
By Johns Wu on May 30, 2006
Ugly day for the Dow Jones.
The sellers are in control of Wall Street again. Could be time to close out the longs and open the shorts.
This entry was posted on Tuesday, May 30th, 2006 at 8:34 pm and is filed under Annotated Analysis.
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2 Responses to “Dow Jones Selloff”
By AC Investor Blog on May 31st, 2006 at 12:31 pm
Hi !! I have the same opinion, today I add more shorts positions.
Regards,
AC
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any thoughts on what the long weekend had to do with any of this? My feeling is just that — a feeling — but it could be that several people got together over BBQ’s this past holiday and decided that the market was too risky and decided to sell in bulk today. This is a GREAT time to pick up some dirt cheap stocks, in my opinion: balance sheets are stronger than ever and the S&P is trading at depressed valuations.