Measuring The Bounce
Stocks are holding about half their gains from Tuesday’s 400 point bounce. What happens next?
It’s not good, says Oppenheimer Chief Market Technician Carter Worth on CNBC’s Closing Bell. Commodities were the last hold out from the rally and now they’ve succumbed. You’re probably seeing investors taking profits where they can.
It just reconfirms what I’ve believed for a while; that this is a bear market. Remember, good technique in a bear market is sell the rallies.
How would you trade it?
I think Mkt Vect Gold Mnrs is a buy and I'd short streetTRACKS Gold.
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