Thursday, June 04, 2009

Bears see their shadow

Bears see their shadow and go back to the cave. It has been lean times for most bears with some of the popular bear stocks such as CMG, GMCR moving up. Lean times for stock market chickens such as myself as well, but better that than the beating that many bears have been experiencing.

The stock market still seems to want to go up, treasuries still want to go down. A few retailers get hit on weak same store sales. Some like COST, recover by the end of the day.

Long SPY

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