A bearish view

Trader Steve Grasso says gains aren’t “anything more than a relief rally” generated because the energy complex became oversold. He suggests going short on the bounce. “Everything on a macro basis looks ripe to be sold. (Source: CNBC).

I like Steve Grasso. He is to the point and he usually makes good calls. Let's see if he is going to be right also this time.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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