Took profits yesterday morning and sold all but a long term gold spec stock. I’m out except for that. I’ll be on the sidelines until things shake out.
I sold 90% of my portfolio yesterday, I still have some NFLX, BWLD, GLD, WMT. For the bearish view on a macro level www.zerohedge.com For a bullish view www.federalreserve.gov/
Bottom line this is not your father’s market, this is now a casino, place your bets with that in mind, and realize you might wake up one morning and find the casino has been closed and SIPC used AIG to insure your accounts. MF Global Holdings was a wake up call.