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WSW Podcast - Bear Market Attack Or Buy Point With Dave Skarica? - Mike Swanson (07/02/10)

Submitted by Mike Swanson on Fri, 2010-07-02 15:38.

I just did a podcast with Dave Skarica of addictedtoprofits.net on the stock market. Both of us think the trend of the market is down although I am probably more bearish than Dave overall. He is still finding a few stock gems that are able to go up despite the market drop.

I think now is a time to be cautious and to use tight stops on anything you may buy going forward. I talk about how the market has changed from where it was a month ago. Both of us are looking for some sort of rally to occur at these levels that will probably last for a few weeks. I will likely short it.

You can also download the mp3 file by right clicking this link.

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Hello. My name is Mike Swanson. I’m the best-selling author of the book Strategic Stock Trading. In a former life I used to run a hedge fund from 2003 to 2006 that generated a return of over 78% during that time frame. In fact it was ranked in the top 35 out of 5,000 hedge funds in 2005.

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