October 1, 2010

The Stock Market Rally Is On Shaky Ground And Severely Overextended

"The stock market rally is on shaky ground and severely overextended. It is being propelled by a combination of momentum-oriented trading strategies and dubious fundamental assumptions. The traders have no real fundamental beliefs and will, as usual, head for the exits as soon as the trend begins to waver."

in Comstock

Related ETFs: iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX), SPDR S&P 500 ETF (NYSE:SPY), iShares Russell 2000 Index (ETF) (NYSE:IWM), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), SPDR Dow Jones Industrial Average ETF (NYSE:DIA)

1 comment:

Anonymous said...

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Is this possible?