It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Gov. Charlie Crist this afternoon added Palm Beach, Broward, Miami-Dade, Monroe, Lee and Collier counties to his executive order declaring a state of emergency from the Deepwater Horizon oil spill.
Originally posted by jacksmoke
reply to post by TheCoffinman
Never follow the masses into a panic. Go opposite. In calm markets Tech. An is fine, fundamentals are fine.
Right now, fifteen before the close. Sell any long VIX ETF position you have. Take the gains. Buy long in any notable stock that went down significantly. Its a phschological oversold situation. Granted I would avoid RIG or BP but just about any other well known stock will bounce tomorrow or Monday.
Never risk more than you can afford to lose, this is a gamble, but the there is bond to be a rally if you can stomach the ride
I think this whole scare over Greece is widely exagerrated.
* Australian dollar jumps 2 pct, trims steep losses (Adds details, updates prices)
May 21 (Bloomberg) -- The euro rose, headed for its biggest weekly advance in more than eight months against the dollar, on optimism European Union officials meeting today will take further action to halt the region’s debt crisis.
At the top end, proposals are already being floated in the Frankfurt press for a new "hard currency" zone, led by Germany, Austria and the Benelux countries. Either way, rich and poor are heading in opposite directions.
The lower house of Parliament, the Bundestag, passed approved the measure by 319 to 73, but nearly 200 lawmakers abstained, a signal of their displeasure.