Jim, I just read an interesting piece on the DOW & the 200 day ma.
This theory states that when the dow hits 88% of it's 200 day ma,
that is a buy signal. So, the 200 ma is 10,540, and 88% of that
equals 9280, which is so very close to your 9250 number...
The tax loss selling by funds that are on a fiscal year, that close books
in Sept. & Oct, as I mentioned a few weeks ago, could feed this type
of collapse into those numbers, easily.
I think that productivity number is still bogus, I feel it is closer
to zero, or even a touch negative, but they won't say that, ever.
On that note, the best thing for me to do the rest of the day is not
play with money, so the sail boat awaits.... |
