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Don't Short Yet

ByBB Finance Blog
Published 04/15/2013, 06:10 PM
Updated 07/09/2023, 06:31 AM

A 40 point drop in SPX in one day is reason enough to say: "I told you, the risks are high".

We went out at 1510 and today the market is around 1550. I have one question who were long in the last two months. Did you get out in time?

However, I think it is not yet time to short the market. We still need to give it some more time and the subscribers will know when to short.

Same goes with Gold. It is still not the right time to long gold because cycles did not bottom and there will be separate email to subscribers when the time is right.

Grains did not suffer much damage today because all weak hands were flashed out last week. And Oil has some more to drop but I am not shorting it.

All in all, we are in good shape and hope everyone is raising cash to take advantage of the coming Tsunami.

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