Pre-Bell Report for 2/7/08 Gonna Be A GREAT Day on Wall Street...(If You Are PRO ETFs That SHORT The Market!)

Check StrategyUpdate.com for updates throughout the day. Here's a starting point...

2/7/08 Pre-Bell Update/Comedy Script: Gonna be a GREAT day for the stock market. (If you buy some ETFs that SHORT the market.) Here are a few: REW, SKF, SRS, DXD; plus RRZ and SKK short the Russell. (If you bought RRZ & SKK this month, you'd be a billionaire!).

Since you left your office yesterday, the whole world fell apart.

Looks like the economic stimulus package that wasn't supposed to be delayed over partisanship, has been delayed over partisanship. Subprime crisis is just getting warmed up. One of the Fed members said something that is being taken out of context. The CISCO CEO said something that indicated the world was ending, and the stock tanked in after hours -- so that's gonna drag down the whole market -- and retail ain't lookin' too good, perceptually, at least. Basically, anytime someone opens their mouth these days -- or reports earnings, it's gonna tank the market. (Don't sneeze...Kleenex shares might tank because your sneeze was one "achoo" too short, and you might use one less Kleenex next year.)

Besides that...you probably think the market is gonna rally back, because you have no idea what is really going on; but are an optimist because the market always rallies back! It DOES always rally back, right? Yes, it does! See Elton John - "Rocket Man (I Think It's Gonna Be A Long, Long Time)."

GOLD: Kinda surprised gold is hanging in there around $900. Check back for pre-market gold update. I bought Vista Gold (VGZ) in pre-market today, and it was up 8.93% today! (Lucky guess?) See the SU gold list below.

See the thread below this one on this blog.

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(And don't go nuts with those ETFs...was just kinda being sarcastic, although those probably will all do well today...just don't jump on them like that cause I was trying to make a point as to what kind of day I think the DOW will be having.)