"Four Key Reasons to be Optimistic Today"
1. Low Consumer Confidence = Profits Ahead
2. Bull Markets Always Follow Bear Markets
3. Lower Oil Prices Ahead
4. Record Cash Levels on Sidelines
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For the intermediate term trader/investor, I agree that there are many reasons to be bullish. For the short term, the knives keeps falling and would be heroes continue to be sliced up. I am not so brave at the moment. A retest of the recent lows may be an interesting time. There is a chance it could be an acceleration to the downside if a lot traders have a stop loss at the low.
Position: long BUD
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For the intermediate term trader/investor, I agree that there are many reasons to be bullish. For the short term, the knives keeps falling and would be heroes continue to be sliced up. I am not so brave at the moment. A retest of the recent lows may be an interesting time. There is a chance it could be an acceleration to the downside if a lot traders have a stop loss at the low.
Position: long BUD
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