Monday, March 23, 2009

Room for some short term upside moves

While I think the markets may print new lows into the 2nd half of 09, it seems the momentum to the downside is stalling somewhat. The problem is everybody seems to be a perma bear of sorts and widespread pessimism right down to the average joe tells me that at least for the immediate short term, maybe a playable counter trend rally is in the offing. Looking to long equities into April and position for Gold and Yen rallies come summer of 09.

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