>Its too early to be too confident on a call, but it appears that the short-term top may be in for the NAZ.<
Nice call, Don.
So, looks like the SPX broke below it's 200 sma, quite decisively. you also have it on "CLASS-1 Buy" for tomorrow, I presume.
It's looking safer to invest something into the market. While the ol' money market has been boring these last couple weeks, it sure feels good to have a full storehouse of dry powder, both in the taxable and non-taxable account.
Funny incident today at work. A business owner who does work for my employer was in the office today. Since I know he invests in the stock market, I asked if he had contributed any new money lately. He said, "Nope, but my broker has been calling the last couple of days, and she tells me 'maybe now would be a good time to invest more, it's (mkt) so low now, it may not go any lower'". He was sure feeling good about saying no to her when I told him the Dow was off another 205 pts today, and the Nasdaq was off 108 pts. |
