<<This pullback looks worse then it is. >>
I'm going to have to take the exact opposite position, sir. This pullback is much worse than it looks.
Even the alpha males are succumbing now; its not just the weak and the sick. Yeah, sh8t like Metris and Hanover and Astropower are going down, but all the 'great' businesses that the money managers were hiding in, stuff like Qualcom, Maxim, Paychex, Concord EFS, Dollar Tree, Bed Bath, Best Buy, Kohls, Cheesecake, are all getting taken to the cleaners. This is a very bad sign, IMO. We're in the 'nowhere to hide' stage now. JMHO, of course.
Cheers |
