Stock Market
All comments and Stock Market Ananlysis are made by Guy Brumley. Guy has been trading the Stock Market daily since 1992.
Trading, evaluating stock prices and predictions
Stock Market Commentary 9-08-2009
The market should be back to business as usual Tuesday, as the institutional investors return from there summer vacations.
The media is having a field day letting everyone know how bad September’s record is.
Meanwhile Gold has broken the $1000 mark in overseas trading.
I sold the GE puts at $.81 Friday morning, and repurchased them at $.54 Friday afternoon.
The Gold option for the last two weeks of September is GLD IU for $1.30.
There is very little data to be released in September. Other than earnings warnings, I see nothing major on the news calendar that would push the market higher or lower by 10%, so we are in a wait and see mode.
Take quick profits, and be happy with short-term interest rates.
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