Home > American finance, Swedish finance > Crash imminent?

Crash imminent?

May 9th, 2009

So, is everyone on board the bear market rally soon? That’s when it turns. I’ve been believing the same for a month, so it’s perhaps not news anymore. I was hesitant to ride the rally at first but I couldn’t resist it. Now I think it’s time to put real tight stop losses on thou. I’ve taken long positions in gold and silver the last weeks and shortening the USD and EUR this week (against the SEK) as precautions, but still the equity rally is so tempting.

I’ve found a few people who agree with me about the likelihood of a turnaround, but of course only price pays in the end…

http://seekingalpha.com/article/136495-12-notes-on-the-current-market-situation

http://seekingalpha.com/article/134482-why-this-rally-is-unsustainable

http://bnwnewswire.com/editorial-Imminent-Market-Meltdown-Spells-Misery-for-Most.html

http://seekingalpha.com/article/135284-market-direction-top-strategists-weigh-in

So the coming week(s) I think we will have a really touch and go situation with lots of people thinking exactly like myself and putting tight stop loss orders in place. The whole situation could escalate quickly on some bad news (of any kind).

  • Digg
  • del.icio.us
  • Facebook
  • Google
  • LinkedIn
  • MySpace
  • StumbleUpon
  • Technorati
  • TwitThis
Comments are closed.