Thursday, April 3, 2008

Is the bottom in?

Like they say, when you pick bottoms you get SH*T but is the bottom in? Short term, I believe the BULLS are going to take charge. A lot of talking heads that were extremely bearish are turning bullish. And cramer says we should becareful which means we really consider start buying :)

Even though we are again in extremely overbought conditions, the dow did flash a double bottom...




Whats looking more interesting are the emerging markets, in particular CHINA. It seems like the correction in asia is finally over as the downtrend has been broken


Tomorrow, I will start to buy Chinese stocks again. In particular FMCN, BIDU, CHL.

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