After playing the last two weeks relatively safe in terms of risk and capital exposure, I am willing to believe that the market will snap back to the tune of 3% to 5% this week in relatively short order.
Here is why I am bullish on the week:
1. A shortened trading week last week, coupled with options expiration and several important economic data points, increased volatility toward the downside.
2. Corporate bond trading in the U.S. is at a two-year high, signaling improved liquidity in the credit markets
3. Sentiment levels, as judged by the bull/bear index and Citigroup's proprietary panic/euphoria index, are showing panic levels in the broader equity markets.
4. The price of gold rose to almost $1,000 per ounce, a level last seen the week
was rescued by
With this in mind, I've developed this week's
, which includes such snapback ideas as
To read more,
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
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Trade Like a Hedge Fund
Trade Like Warren Buffett
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