Wednesday, January 16, 2008

Out of the Gate This Morning

Last night, I speculated that the spate of short selling after the bell would be clear by this morning and it was, thanks to eager dip buyers. I make no claim to being a market pundit, but my instincts are not bad.

GOOG is still headed lower, of course, but I'm upping the odds a point or two that we will bottom above 600. But why speculate about imponderables, when we can just sit back and watch the river flow.

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