SubscribeAll Posts Tagged With: "volatility Index"
Get Ready for the Next 1,000 Point Move
Buying into the stock market after a 1,000-point rally is like trying to wrestle a skunk. There’s lots of risk and not much reward. The decline over the past few days has taken a lot of the stink out of that idea, however, and short-term traders can start nibbling on stocks right here.
There’s still risk. My downside target for the S&P 500 is 725. But stocks are now in an intermediate-term uptrend, which should last several more weeks at least. A few small stock purchases now ought to pay off well over the next month or two – even if there’s…
31Mar2009 | Stansberry and Associates | 0 comments | Continued
Loading ...
