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StocksandBlogs.com

Off the Mark with Near Term Bearishness

Let me just start off my blog on Zecco.com by being bearish. September is historically the worst month for bulls and this year might not be much different. The positive run in August on grim economic numbers indicates the market has run out of reasons to move. Besides, money managers who made money in August will now look to unload stocks to retain their gains. I believe September will be a down month - the carnage has already started as of this week - and we will see the market bottoming in October sometime.

Meanwhile, stay defensive and sell into any rally this week - although I don't expect much of a rally.

-- Faisal Laljee

Published Sunday, September 10, 2006 12:16 PM by Faisal Laljee
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The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of Zecco or its employees.


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StocksandBlogs.com
StocksandBlogs.com provides stock tips, equity research and markets commentary. This site will give you investment ideas that you can apply to your financial portfolio. By sharing my money making stock tips and research, I hope I can help you manage your wealth better - whether you are a long-term investor or looking for a quick trade, a bull or a bear. From Wall Street to Walmart, Commodities to Foreign Exchange, you will find it all here. My name is Faisal Laljee and you can email me anytime at flaljee@mail.stocksandblogs.com

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