Say Good-bye To A Crazy Decade - Happy New Year!
After seven consecutive rallies, the market is taking a breather. It could not move to new highs yesterday and even with a positive initial jobless claims number this morning, it can't break out. As I mentioned yesterday, the NASDAQ has posted a loss on the last trading day of the year for nine consecutive years. Given today's action, it looks like 10 in a row. If you took my advice and shorted stocks early this morning, you are finishing the year on a positive note. Take profits before the close and avoid the long weekend. It's been one of the wildest …
December 31, 2009
• Posted in: Options
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