In one of my brokerage accounts, I put a few bucks into ProShares UltraShort S&P 500 (SDS).

Luckily most of that account is in silver and gold interests, since the S&P has done nothing but go up since then.

My reasoning for going short?  The S&P is forming a rising wedge, which is usually a bearish indicator.  Also, I have been waiting with bated breath for the next market downturn.  When is this thing going to break?  I’m not ready to give up yet.  If readers have sound reasons for doing so, I’d like to hear them.

Would Brian Johnson of thestockmentor.com care to weigh in?  I could use some expert advice.

See you next time!  (When is it going to get hot this summer?  Sometime before the next blizzard?)

Quote of the Week:

“The trouble with having an open mind, of course, is that people will insist on coming along and trying to put things in it.”

~Terry Pratchett, English Writer

Buried News of the Week

I nominate myself for the buried news of the week.  (”How conveeeenient.”)

After watching the O’Reilly factor for two nights in a row, 09-08-09 and 09-09-09, and listening to what I thought was spin, I decided I had to finally write the guy.  Readers, please feel free to copy my idea and try to get this on the air during the e-mails portion of his show (oreilly@foxnews.com).

Here it is:

Dear Mr. O’Reilly,

If Charlie Sheen is a “pinhead” regarding his 9-11 theories and you believe that questioning the U.S. government’s version of 9-11 is enough to disqualify a person from public office, then could you please provide some guidance in crafting O’Reilly approved petitions which seek a redress of grievances?

Sincerely,

Aaron Grow
Hill City, South Dakota