It's okay with me and I won't cry if it goes back to 8 or 9, just as long as it doesn't go below, that would be scary (though I sure wish it would just go up from here). Do what you think is the best. For me I'm just holding.
You might want to check out some of the comm stocks, they are looking nice again after today. Despite the Dow's performance, there's talk that it may still consolidate to 5300 short term. Fed is getting mixed signals and so it may stay neutral in their decision on the 26th, hard to say though since a lot of people are thinking the Fed will ease again.
Thus, I'm not bearish but still trying to get a feel for the reaction to Greenspan's talk in LV (today) and to the primary results. Lots of primaries coming up.
Today through the 7th: Conn., Maine, Md, Mass, NY, RI, Vt..
12th (Super Tuesday): La, Miss, Okla., Tenn., Tex..
19th: Ill., Mich., Oh., Wis..
26th: Ca., + Fed Meeting (Interest rates).
Also some analysts strongly feel that the market will be earnings driven in the next few weeks. In a slowing economy that doesn't make for a really hot hot hot market I think, but at the same time tons of money is rotating and coming in via funds as you pointed out a long time ago. I really need a crystal ball right now or call up some market guru and just follow him or her. |
