Given the action in the last hour of today's trading, the notion of going completely flat ahead of the almost assured 72 hours of complete insanity that will encompass next Monday, Tuesday, and Wednesday is looking increasingly alluring.
The tension in the market is almost palpable. Each side is trying to wrest control from the other. An hour before the close, the bears were getting the upper paw. The latest bailout rumor, however, snatched control away from the bears and put it back into the hands of the bulls.
So, since Sunday, the market has been UP (Sunday), DOWN (Monday), UP (Tuesday), DOWN (Wednesday), UP (Thursday). Anyone want to guess about tomorrow's direction?
In any event, I am 40% in cash, and my positions are split about 20% bull (all energy-related) and 80% bear (all tiny individual equities).
I think I'm going to work on a new SocialTrade video this afternoon, because I want to bring the introductory video up-to-date with all the new features. I think this will be my last market-related post of the day.
