Tuesday, May 08, 2012

S&P 500 barely climbs out of a hole

I knew it was a possibility - sure enough the S&P 500 index climbed back above 1360 level before the close of trading today, which puts any strong impending correction signal on ice for now. This is why I only bought a small position in HDGE in the middle of the day. Conditions are still favorable for the market to drop appreciably from here, but it may take a while.

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