Mutual Fund Managers are fully invested. Mutual Funds have the lowest cash positions in months, I agree that this is a bottom or near bottom and the time to be fully invested is now. Today is Friday, May 3rd, it is or just was Payday. I anticipated a PAYDAY RALLY perhaps towards the end of the day (up from the big drop) and certainly early next week, as money is invested. Lots of 401K and Mutual Fund money is always AUTOMATICALLY INVESTED on Payday, and thus, another PAYDAY RALLY is about to happen. EMC is at a multi year low, that is what I am buying into at the moment. BUY LOW and Sell HIGHER. Did anyone see the Birinyl book just released which shows the fallacy of buying and holding for the long term (several years). I say BUY NOW, and sell higher. All the solid companies will return to their all time highs, NOT IF, but WHEN is the only question, so rates of return, ROI, can't beat them based on my calculations. When the dust settles, it will only be a question of who the new owners of America are. Will you be one or not.
I am,
Truly your$,
-Crystal Ball |
