May 27, 2008

Stock Market Optimism Premature?

Category: Broker Commentary, Market Updates – Kristina Zurla Landgraf – 2:23 pm

The major stock market averages were down sharply last week, and Lind Plus Senior Market Strategist Phil Streible thinks the optimism seen earlier this month for a recovery may be premature. Problems are resurfacing, and he’s recommending buying puts on the Dow Jones Industrial Average, specifically the June 12400 puts. Get details on Phil’s view.

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