George, I agree, the NAZ seems ready to breach last Friday low. That is where I disagreed with Don short term, I saw no meaningful rally here just a suckers bump. That is why I stated mostly on the side line. As for Japanese Tech funds, if you like the exercise of catching falling knives, go ahead. If indeed my fear of a resumption of the Asian malaise is borne out, then the Japanese tech issues are the one that will suffer most, IMHO. f you absolutely positively need to be invested, here might be the time for a short term investment in a gold fund. The XAU has held above 50 for seven consecutive trading days while gold itself was continuing down. Not that I expect anything great from gold (you know me by know, the perennial gold bear, since we met first on these threads), but the XAU could go to the 57 area, maybe even to the 61/62, not a bad move if you like the shiny yellow.
Zeev |
