I'm expecting another down week in the stock market. Already, the European markets are down significantly. And President Obama is scheduled to give his jobs speech on Thursday, September 8, 2011. Personally, I don't expect anything new to be said. In fact, I expect more of the same old, same old. Recall, the Obama administration has stated that their policies are correct and on track. After all, President Obama has been "laser focused" on jobs for the past two years, hasn't he?
If there is a stock market run up to President Obama's speech, I will be selling the few stocks I have left into the rally. I may even short a few stocks. If there is a decline, I'm still mostly in cash and will wait for a break below 10,200 before putting money back in the market.
Here's why I think this will be a down week:
For now, I think the only thing that matters to the stock market is results. And the results aren't looking very good for either Europe or President Obama's policies.
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This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2011 Achievement Catalyst, LLC
November Income – $5214.58
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