Such a Tough Place to Be
I'm starting to feel like a broken record. And if I feel like I'm starting to sound that way to myself, I'm sure it is hard for many to get past my opening sentences.
This is such a tough place to be and I don't think many can say the tougher trade here is to go long. So many names have been beaten relentlessly, especially in energy and social media -- along with some lighter beatings in financials -- it can be just as hard to go short. Another QE3 rumor or some coordinated worldwide monetary effort could rally us quickly and those beaten-down names will quickly become momentum traders' favorite stocks. On the other hand, I feel like we need to see 1240 and a Volatility Index (VIX) at 30 or above to get some sort of capitulation here....400 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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