Tuesday
Aug242010
Back to Oversold Territory
Tuesday, August 24, 2010 at 10:31AM As shown below, today's declines have put the S&P 500 back into oversold territory. The index is back down more than 5% year-to-date, down 6.66% since August 9th, and up just 2.9% off the July 2nd lows.
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Reader Comments (1)
Your post communicates to me that the market is oversold and there are no short selling opportunites and that there are no opportunities for going long.
Via the link, for those interested, I provide 16 ETFs to sell short and 10 ETFs to buy long for a debt deflationary bear market. There sure is lots of actionable ideas there.
Personally I am invested in gold bullion as I see a liquidity crisis coming when the bond bubble bursts, and I want total liquidity.