Originally Posted by
scambo1
This is not investment advice, dyodd, you are responsible for your own actions.
Noone can know for sure, but it appears that the S&P is getting ready to try to enter bear territory again. It may climb 7-10 points before doing it, but the indicators are that it is coming.
TZA, FAZ, TVIX are all pretty good picks for this kind of ride.
I hope I'm right and would love to hear any contrary thoughts.
This is not investment advice, do your own due diligence, you are responsible for your own actions.
I have been waiting for the true double dip for some time now. Like I stated a week ago, I suspect that when the S&P breaks the bottom will be somewhere near 970-950. I hope it does not go there, but there are a lot of indications that it may break and break hard.