With the Market Monitor in confirmed correction mode, short selling and cash are preferred strategies. Here are some of my old posts on short selling:
Mark Boucher on Short Selling
Why there are only three books on shorting
How to find shorts on stocks which are not overextended on the downside
How to find shorts
5 comments:
Is this post a contrary indicator that the correction is over?
Whoa you may have called a bottom with this post.
Haha, I didn't see your comment, Bill. Odds are 90%+ that we put in a short-term bottom. Take a look at the blog for more info.
I think he is making these statements based on the market monitor. So, to him, the market may go up, but isn't yet indicating a "buy" signal, in general.
but then again, balance sheets are cash heavy, and it's hard for me to fathom that much of our woes aren't currently priced in.
Happy holiday guys!
Swimmer
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