<<do you think it needs to go down more and why ?
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Yep, too many reasons to list....Value of the dollar, Deficit, economy not coming along as many think, world events, politics, valuations and I could go on and on and on.......It just does not look good to me at all......The sad thing is many individual stocks are getting creamed while averages are holding up to a degree......when averages come down, what is going to happen to all the stocks that are already down 50% in the last month or 2.....Nope, does not look pretty to me, but with that said and since I cannot predict what will happen, I am trying to maintain 50% cash, while staying long 50%...if we go up, I'll be ok...if we go down, I wont be happy, but should hopefully have cash to do some buying....... |
