Hi Bill; I don't want to call a bottom, The S&P bounced off 932
but not strong, and is still below support level, and we still
have roughly 500 down ticks for every up tick, and my guess is
that the few buyers are buying from people shorting, you can
bet that on every up tick there a short seller at this point,
with an explosion to short term bonds happening right now,
to many people running to saftey, to try to pick up a bargain in
this mad rush is to risk getting bloody.
I would think that if the down ticks reverse that maybe just
grabbing the S&P Depo Recpt.. "SPY" might be the best move.
even when the market starts up you can't tell which stocks
funds will rotate out of. It's to much of a mad house..the
Fund managers don't know what to do..but sell, they have to
have some cash in case the little people want to cash in.
I missed this week bad, but I wasn't really convinced enough
to go in. My last best call was DEC5th when I called that minor
top, or bubble, and got out of every thing I could with out
taking any more of a loss than I already had from that
Oct sell off ( I was out on the boat then )..so it's really
been a bear market all along since around AUG..people are
going broke slowly, and aren't aware of how their pension
money has been chewed on.
--------------------------
So many people think they are not invested in the Stock Market,
but they are. Lots of people in MM funds think they are in
cash, and they never look at what the MM fund is invested in. :-)
Jim |
