Everybody wants to know are we going down ? Well, boys and girls before I answer this question let me just tell you we are gonna be in a red zone in S&P500 yes I know was great up trend from March lows , but we are so far from 2007 levels it is not even funny ! Just to make my point here GOOG in 2007 the price was 540 and GS was 224 , well I guess you understand my point now we are far away from recover these losses , So what to do ? Right now I believe we are going down and do you know how fast we go ? Well, lest say AA will post earnings tomorrow and if the post a deep lost I believe we go down fast and furious yesterday VP Biden just told us what we already know "THE WHITE HOUSE DID NOT KNOW HOW BAD WAS THE ECONOMIC SITUATION "Well Mr. VP now you know !Having said that I always tell my clients when time like that came go in cash or protect your profits just don't sit and wait to see an up turn so I believe we are going down here just don't know how fast we have to protect our profits going cash, or if you are a little more aggressive here a list that you should watch AIG , WYNN, XCO, CLR, IOC, NILE and RBS this is the list of stock that I am shorting don't like to short stock I understand and that's why you can buy long this CONTRA ETF : SRS,FAZ,EDZ AND TZA those are my favorites !
Oh almost forget I got email yesterday yes yes my first from my comment about social media , like, I said I am not an expert but I will promise that I will give you a list of who know a lot about and some of the tricks to build a network ....Until there keep faith in yourself and don't forget ANYTHING IS POSSIBLE.
Richard King
