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The Best Short-Selling Opportunity of the Year
Traders were ducking champagne corks on Wall Street yesterday. The S&P 500 closed in the green for the first time this year. Stocks have erased the 26% loss suffered during the first 10 weeks of 2009 and are now up 0.6%.
Yippee. Let the celebration begin.
Sadly, I left the party a couple weeks ago, when the S&P crossed over 855. Worse yet, I started slowly building short positions. So while everybody else was letting the good times roll, I was feeling a bit like a nun strolling through a brothel.
It is difficult to be cautious as stock prices race…
5May2009 | Stansberry and Associates | 0 comments | Continued
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