Not too late to sell at these levelsLucky for me I have been in...

Not too late to sell at these levels

Lucky for me I have been in cash for about 2 months now. This storm is a lot worse than the first one. So much debt overhang, Europe is on the brink of collapse, if the Euro is still around in 2 years I will be amazed. This market needs one of two things

QE3 announcement will provide a rally. While we all know QE doesnt work it is a pro long of the inevitable.

Better data - good luck with that one too

Also any policy announcement by the US will be prolonged because of political stashes between parties. As long as there is uncertainty, markets will continue to slide

I dont even have an entry point to tell you, but I will re-post when I do.

Good luck