Friday, January 4, 2008

Start of a new bear market?


Big negative day. Weak employment report, higher unemployment rate, stocks down heavily, especially NASDAQ, dailies look horrible, end of week so weeklies look even worse. Is this the start of a new bear market? Everyone seems to want to declare that a recession is in force. No trades today as I was heavily distracted this morning before the open and never recovered enough to concentrate on trading.

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