re: worried for the moment (was yesterday also)
You know what worries me the most, other then missing the bottom. <gg> Last year, this time we could point fingers at Asia, and the rolling defaults we where seeing as a reasons for the drop. But if one looked closer they could see that commodities prices where going to drop, giving the fed amble room to lower rates, which they did. Now we have the exact opposite with the recovery in those regions, causing commodities being stretched and on the rise, the feds hands are tied this time. Throw in the changing of the guard from PC's to telecommunication and Internet, which is wrenching to say the least, we have situation that will take time to sort out causing fits and starts in the market, which could last till the 2nd Qr. of next year or longer. So we get INTC, IBM, HWP, etc etc, the bigs not providing the normal support. So I see a sideways market, with pockets of strength. A stock pickers market is all one can hope for.
Greg |
