Sell Stocks Short; February 5, 2008

Sell Stocks Short; February 5, 2008

Just a couple of things to get the day started. First - the ISM non-manufacturing came out early this morning. There’s nothing like an ugly economic number to send the markets realing. It’s the weakest reading since 1997 when the data was first compiled. The number was released an hour early because of a possible security breach.

What does this mean? Not a thing when you really boil it down. The number is consistent with an economy that in recession.

It’s also Super Tuesday and the polls are now open. Political pundits everywhere will be trying to read the tea leaves.

If you’re short – stay that way. The market is going to get drilled. If you’re looking to get short – get there quick because the open is going to be ugly.

Buyers are few and the pressure will be to the downside.

That’s it for now.

RAC
The Stock Trading Advisor