Thursday, September 4, 2008

Quick Market Thoughts

Market tumbled today and things looked pretty bad.  Just have some quick thoughts on this one.  I'm looking pretty smart the last few days.

  • Given the market volatility, market will be up in the next few sessions

  • Medium term, we are nowhere near the bottom.  Down another 10% or 20% is easy to see

  • Still like the dollar going up.  Buy UUP

  • Tech is going to go down even more.  QID is going to be  a buy

  • I don't know what to do about Financials.  They are beaten down, but it looks like there is more to go.  If you don't mind it going down another 10%, these are starting to be good long term buys.

1 comment:

  1. No surprise that retail (like Abercrombie and Macy's) are slowing. If you want to buy retail stocks, I predict the beginning of next year will be a good time.