Wednesday, January 09, 2008

Market is in Bear Mode Now!

With Nasdaq getting its 9th straight loss, and it has already sank over 9% for the year 2008, the market is looking tiring now. Every time it goes up, it hits with a lot of sellings. We are in the bear market now. Like Cramer says: "Don't Buy! Don't Buy! Don't Buy! Don't Buy!"
Down volumes are getting heavier and heavier. I would use any up day opportunities to get out of the longs I have. Stay with cash for now, Cash is the King!
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