Monday, June 22, 2009

Indian Summer

Don't let the talking heads lull you into a slumber. Everywhere I look everyone I hear on the boob tube is saying the worst is over for the economy. But I ain't buying what they are selling and I think the worst is yet to come.

Today the market is breaking to the downside and is hovering at the 200SMA as I type. This could be the start of a very brutal winter.

Today's pick is long REW @ 41.70 Good Luck!