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In a Bear market, sell the rumor, buy the news!

January 29, 2009 Equity Trading No Comments

sell

Yesterday, the markets advanced in anticipation that the U.S. government was near a plan to fix the crap economy. Near the peak of buying, I concluded my UYG swing trade for a nice +14% ROI.

After hours, the Democrat-controlled U.S. House of Representatives passed a pricey $819 billion stimulus plan with no Republican support. Today, the market sold off.

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