Wells fargo....... But I hear 2000 banks failed in 1991 during the savings and loan.... so...6 down this year, 1994 to go..... That is over 10 a day...... Expect 10 announcements by the bell.......
*waits*
Tuesday, July 22, 2008
mmmmm
Subscribe to:
Post Comments (Atom)
2 comments:
XLF hit the 38% fibonacci retracement of the down trend last week and now is coming down. Not a good sign.
SPY never hit the 38% retracement. It seems like it should, which would be $129.10 before it tanks to March lows.
QQQQ also did not make the 38% and the next support looks like March lows. I would think today's close could be important. Semis (SMH) look oversold and may be the safest bet here in tech, but still not safe. TK likes MU and I got some TSM at the day's low. But I have stop losses set.
Jobs is probably sick which is too bad for that company because so much of it is his creativity.
Financials: I'll buy GS at $160 and HCBK at $16-- maybe. The easy shorts are over and everything else is toxic. (I still have KRE regional index in my IRA)
Lets See it....
Or this is finally a retest of last weeks low...
Post a Comment