Marketgrind Financial Blog

If you took my advice in the last post and put on some hedges I think it might be time to take those off.  We’re currently a little oversold so even the slightest spark can cause a fire.  Clearly the market is starting to get excited about the news of a Bank of America bailout.  Although I can’t imagine how the failure of yet another major bank can be seen as a good thing there’s no reason to fight the tape.  Having said that I’m not so sure I want to be getting long here either.

Tags: oversold

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This entry was posted on Thursday, January 15th, 2009 at 1:30 pm and is filed under Index Notes. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.