Wednesday, January 9, 2008

Oversold Bounce?

There's talk of an oversold bounce this morning. That may be, but right now (in my worthless opinion) there is nothing holding up this market. Until we start seeing some earnings numbers, I'm not willing to risk much.

Today should give us a lot of information about where we're headed in the next week or so. I suggest you sit back and watch the action and enjoy being a spectator.

Barchart reported this is the worst YTD performance for the market since 1930.

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