Date updated:07-16-2008
OptionMonster Jon Najarian says although we may be near capitulation we’re not there yet. He thinks the bottom will be in this market when we see at least two of the following three things.
1) Volatility Spike (30% isn't high enough)
2) Short Covering Spikes
3) Oil Declines 20% From High
Until we see a solid push lower in oil, these sell-offs mean nothing he says.

-
UYG
Ultra Financials - $5.66
- +3.28%
- $5.68
When we hit the bottom, Jon Najarian suggests getting long Ultra-Long Financials ETF (UYG), General Motors (GM)and Tesoro (TSO).

-
GM
Gm - $0.00
- N/A
- $N/A
When we hit the bottom, Jon Najarian suggests getting long Ultra-Long Financials ETF (UYG), General Motors (GM)and Tesoro (TSO).

-
TSO
Tesoro Corp - $12.69
- +2.67%
- $12.54
When we hit the bottom, Jon Najarian suggests getting long Ultra-Long Financials ETF (UYG), General Motors(GM)and Tesoro (TSO).
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do your own research. db
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