My market prediction for the week: How did I do?
So I was off $26 or 5% in my prediction for the week that I made early Monday Morning. I predicted -500+ for the week and the DJIA was -474 for the week. I wouldn’t try and predict it by day because the volatility index (VIX) is at record high levels.
One thing I think is interesting is the Short Exchange Traded Funds that allow someone to buy in for $100 and if the market goes down, the ETF share goes up. I think that this is a great opportunity for someone who doesn’t want to commit to a margin account to do short selling.
There are a bunch of cheap stocks out there but it doesn’t mean that the drop is over yet. There is a global slowdown and this will not be solved overnight. It will take time for the economies to recover, and they aren’t even done falling yet let alone recovering.
Related posts:
- I’ve said it before and I’ll say it again. The decline still isn’t over and heres why I’m short the DJIA.
- Detaching regulatory capital requirements from Mark to Market
- Mark To Market accounting Relaxed…has anything really changed?
- China finally declares that the US should no longer be the reserve currency of the world
