stock markets and commodity markets recover roughly a year before the economy does... therefore you have to look at when they "predict" the economy to recover.. if its within a year, then the stock market is already recovering now.
from a technical level.. good selloff today in the xjo.. but i don't know how you guys could short right above a point of consolidation and support. if you time frame is is minute to hourly fair enough, but on a daily weekly timeframe i'd be expecting further upside, maybe a few breathers and pull backs.
technically its very bullish
currently i am short the xjo (for today), but only as a hedge. i'm actually net long in materials, energy and a few industrials.
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