kaltbaum email

Good sales on the open.

 

Market showing itself here and is turning down. I suspect we will start to see some wide and loose action with some vicious bouncing…but when all is said and done…think we head lower. I do recognize the fed is still out there doing their thing but not so sure market gives a crap about them at this point in time.

 

As the market definitively starts to turn down…and we dont have to worry about big rallies, we will get into short selling mode. But right now, it is imperative to protect capital which this service has done since the recent highs.

 

Expect more specificity on the short side as this moves forward.