The Kirk Report |
Posted: 27 Feb 2009 07:07 PM CST You may not like it, but you have to give Mr. Market some points for being consistent. Consistently bad that is. For the week, the S&P 500 fell another -4.54%, Dow -4.11%, Nasdaq -4.40%, and the Russell 2000 -5.34%. While the month was started off with some hope (remember the gambler fallacy?) it ended in despair. To make big money last week, you once again had to be ultra short, especially healthcare (RXD), industries (SIJ), and basic materials (SMN). It also would have helped to be long gas (UGA) and regional banks (RKH). Next week is going to be another busy one ending up with another big bad jobs report on Friday. Get some rest, have some fun, and I'll see you early Monday morning. |
Posted: 27 Feb 2009 06:07 PM CST I received quite a few questions in my mailbag this week. Thank you! Here are the topics I'm covering this week:
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