DJIA / Market Close for Friday, September 30, 2011

Good riddance to this crap week and crap quarter. Looking at a chart of the Russell 2000, it looks like price may fall off the edge of the world. I haven’t sold as I keep thinking we are way oversold and it is time for a bounce. Where’s the dip buyer?

For the week DJIA maaged a +1.3% gain. The Nasdaq was -2.7%, S&P 500 -0.4% and Russell 2000 -1.3%. Year to date, DJIA is -5.7%, Nasdaq -9%, S&P 500-10% and Russell 2000 -17.8%. PSVIX is down -9.37% for the year.

Having missed the years best sell time back in April, I now need the market to steam ahead 29% to erase my year-to-date loss of -9% and get my yearly goal of +20%. But you know, it can happen. -Harvey

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