Tuesday, June 15, 2010

I Guess I Am A Perma Bear

But I won't be, after the Dow moves to 6500 or so (within the next 9 mos), I will be on a buying spree.

That said...this morning's bounce is surprising me. Just a reminder that stocks don't always trade on fundamentals.

The Best Buy news confirms the thesis that the consumer is pulling back again. Not necessarily because they want to, but because they have to.

http://www.marketwatch.com/story/best-buy-shares-hit-on-firms-slow-profit-rise-2010-06-15

Should have seen that one coming. Anyway...still short...very bored...feeling bored, unenlightened and wishing the rain would stop.

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