With the continuing European problems (and banking stupidity; see Cyprus) a cure for Europe is still not yet solidified as they work through the problems. Sell in May has started early in January, February and looks to continue in March and I expect lower market volumes=cash being removed from the markets=lower s/p volatility=s/p drifting south. Technical and drill reports will continue to be a good “sell on news" into the summer. I sure most of you see this. Jury still out on the U.S budget crisis.
You may also want to note remember all the hyper pumper posting while they sold to you (not everyone)? It's called poster pump and dump while they sold positions. is it evident now? BIDS at close were .44 down. OLE has lost .34 in 2013.
| Close |
| 03/14/2013 || 0.47 |
| 0.81 |
| Net loss || -0.34 |