Friday, June 3, 2011

High time to quit stocks

U.S. Stocks Drop on Employment Growth Data

U.S. stocks extended a fifth straight weekly drop, the longest slump for the Dow Jones Industrial Average since 2004, as slower-than-estimated growth in jobs fueled concern that earnings forecasts are too optimistic.
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Comment: Seems as if one of the rare ocassions is coming up when it is worthwhile to place some aggressive puts.

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