MORNING DRIP
Markets way lower but off their worst levels as the "recovery plan" doesn't seem to be helping for the time being.
Strong sectors- gold, drugs and defense while emerging markets, financials, ags and oils are the worst.
NYSE/NAZ 4300 net losers between the two;
NDX/OEX- 10 GREEN between the two;
VIX- at near 40- not a great time to sell as I predict there will be better opportunities;
Feels like it can't get any worse than this - but its felt that way before-so just sitting and waiting for now -
posted by DAVID at
10:33 AM
2 Comments:
I have 40 stocks on my screen & it seems funny that the only 2 in the green are FNM & FRE under government conservatorship. Any thoughts.
I stopped following FRE FNM a while ago- to me its like following WCOM ENRON after they filed - always lottery ticket buyers out there- I am still short WCOM
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