And neither are your mutual funds, no matter who picks them...you or your advisor! I'm in cash 100%, and feel I should be short.
Saw a story earlier today about inventories building, and the author considered it bullish. Only if sales materialize is it bullish. If they do not, then we go lower, and inventories will be too high again.
Also saw a story of unemployment heading toward 6.2%. I know it's a lagging indicator of economic activity, but it's a leading indicator of consumer mood, IMO.
And late last week, Bill Gross was talking about "stocks stink"...Dow fairly valued at 6,000, 5,000...Naz at "God only knows."
And the "analysts" like Cohen and five or six others from the houses forecasting the Dow, by year's end, at 1200 to 1350...heard today on MSNBC.
No wonder you and others are confused. I however think we're being warned to look out for better bargains ahead.
Chaz |
