Refreshing our S&P500 Levels for the close...

10/08/08 03:15PM EDT
We said buyem this morning. We trust that you did.

Here are the key levels in our models for the S&P500 (see chart), given an SPX level of 1014, at the time of this post:

1. Buy Stocks for the “Trade” line = 967.97
2. Sell the “Trade” line = 1102.89

You can drive a truck through these lines. It’s math – it’s called US government sponsored socialism/volatility. This markets is to be rented, not owned.

Enjoy the close,
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