Rose or Sepia-Tinted Glasses?
By Michelle B on Mar 22, 2007 in Michelle B's Posts, Stock Market
Michelle B submits:
Reverend Shark aptly puts the sepia-tinted view forth, “…and if there weren’t some potentially serious problems out there — particularly from the housing market and the sub-prime mess — then the Fed certainly would not be setting things up for a rate cut.”
The market, however, will do what it will do, but because I agree with the obvious implication described by the Reverend, I started a small core long position in the double inverse ETF, QID, near its intra lows yesterday. I will add to this initial position if the market removes its rose-colored spectacles which as of yesterday are perched ever so rakishly upon its bullish nose. If the pretty spectacles stay on, I will honor my stop loss.
Tags: James-RevShark-DePorre, QID
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