Big week ahead in terms of economic data; however, most comes Thursday and Friday. I am stil unsure on how to play this market, hence my minimal activity. I still think it's smart to keep high cash levels, no shorts, and some longs. Nourel Roubei (Dr. DOOM) came out this weekend and said "we are at high-risk of double dip recession". This is not surprising, especially from a guy who has been wrong 100% ever since his call on the financial crisis. I do agree with him on this, meaning I believe a double dip recession is possible because chances of higher personal and corporate taxes that could occur, as well as the consumer may continue to be pinched as higher energy costs and high unemployment continue to linger.
As for trades, I will sell SVR at the open just because I the risks in their business model seem to high. I doubt I will short today, but may raise some cash, if need be. I also might buy 1 or 2 stocks but honestly, I rather buy the dips.
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