Quote:
Originally Posted by Goethe
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You guys understand that it's those banks and hedge funds that are selling off the markets? I'm wrong all the time. I wouldn't trade stocks if I was afraid of being wrong. But I don't think we're in the clear yet. I bought puts against my position on Thursday because I expected this shake out to happen over the weekend. I'll believe the market is going back up when XLF starts leading the way.
Not everything is bearish, XLE, XLI, XLB, IYT, are showing relative strength.