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- Sell all positions at the open and move the portfolio to all cash.
Strategy Lab is MSN Money's stock-picking challenge. To learn more about the game -- and the contenders -- click here.
Put me to cash here, Strategy Lab. Sell them all.
The technical supports have all cratered. I'm going to be a buyer when Nasdaq support levels near 2,550-2,600.
Until the banks come clean, we'll have a trading-range market. The big question is how much of $200 billion in structured-investment-vehicle assets will come back onto the balance sheets of the major money center banks -- Citigroup (C, news, msgs), JPMorgan Chase (JPM, news, msgs)Barclays (BCS, news, msgs), etc.
The $100 billion federal superfund idea looks like it is dead on arrival -- and what most won't tell you is it really was a Citibank bailout fund.
So I will let the market selling exhaust itself to the downside and buy back for a year-end rally.
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