Thursday, October 1, 2009

Gut Feeling:

I want to buy cheap but my gut is saying tomorrow is going to be the knock out punch and THEN the market will settle down.

No reason to buy into a shitstorm, even when you're getting value.  I've got plenty of long positions.

I think I've seen this story before.  Two day punch -- with the market hitting a low before noon then rallying back for 2 days.

It seems to obvious to buy now -- the dip won't emerge until more people throw in the towel.  Definitely not there yet.  Too many bulls still.

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