S&P 626 or 600...What's the Diff?

Thanks to my boys at bigcharts.com the above chart highlights where we are, and where we are going. In November, I called for 626. Today I am taking it down to 600 where we can probably rally back to the 750 range for a bit. Like I said in November, sell your longs, take your lumps and get short. There is simply no fundamental reason to be buying stocks, in fact the only things you should be buying right now are:

gold
guns
bullets
body armor
booze
bottled water
canned food.

Tough times folks. See you all at 600...where I will probably start talking about a new level with a 4 handle.


--The Angry Trader.