In last week’s article, I pointed out three levels of resistance that I thought would keep the S&P in check over the next few months.  I have to admit that so far, that prediction is looking good, but one week does not make a trend.

In last week’s article, I pointed out three levels of resistance that I thought would keep the S&P in check over the next few months.  I have to admit that so far, that prediction is looking good, but one week does not make a trend.

The news is saturated with Hank Paulson’s $700 bailout plan. This is diverting attention away from the increasingly bleak outlook for the wider economy.

Rick Pendergraft says no bailout can immediately solve the problems in the housing market. And all indicators suggest these will run well into 2009 at least.

Rick says your portfolio should be all about playing safe for now. He recommends eight inverse ETF plays to hedge against this downside risk.