04-06-2012, 11:12 AM
Miserable jobs number today, and market action has been weak recently already. Could finally get that long awaited sell-off next week. If it's like 2010 or 2011 (which both started the year strongly as well), it could be pretty steep - maybe 10-20%.
Worth going short, or selling and buying back later ("sell in May (April) and go away"?) I still think the year will finish out very strongly, and I'll definitely hold my financial and Apple spreads.
Earnings season starts next week as well (Alcoa on Tuesday, then Google, JPM, WFC, etc). Analysts have been lowering estimates for a while. Either that means earnings season will be very bad, or they've lowered them so far that it's an easy hurdle to beat...
Worth going short, or selling and buying back later ("sell in May (April) and go away"?) I still think the year will finish out very strongly, and I'll definitely hold my financial and Apple spreads.
Earnings season starts next week as well (Alcoa on Tuesday, then Google, JPM, WFC, etc). Analysts have been lowering estimates for a while. Either that means earnings season will be very bad, or they've lowered them so far that it's an easy hurdle to beat...
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market