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Two Ways To Play: Greenspan Speaks. Should Investors Listen?


Strengthen your portfolio in good times and bad.

Bloomberg reports Former Federal Reserve Chairman Alan Greenspan said the financial markets and the economy will recover, because "trust will eventually reemerge as investors dip hesitantly back into the marketplace."

At a speech at Georgetown University today, Greenspan said, "We are living through the type of wrenching financial crisis that comes along once in a century. Financial markets freeze up as an excess of fear displaces a protracted period of what some might call irrational exuberance. Eventually the market freeze will thaw as frightened investors take tentative steps towards re-engagement with risk."

He added that a recovery would likely come "sooner rather than later."

From the Bull Pen: We may eventually see a recovery, but Minyans are wiser than to simply buy on the words of Mr. Greenspan. Nonetheless, note Apple's (AAPL) session today, holding the psychological $100 level. If a vicious bear market rally is on its way, this may be your vehicle with sell stops below that level.

From the Bear Cave: The best downside trade might be in long-term treasuries via the Ultrashort ETF (TBT). We've mentioned this play before. Bears can consider using sell stops below $59.
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No positions in stocks mentioned.

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