Dow,, 9,000 seems to be a reality now than an analysts whims.. and compare to where we were,, at 7600 not too long ago..
Remember the sell off at 8,300 we had.. I am taking money off all the high flyers now.. and concentrating on the small caps and and down trodden.. go to bigcharts.com and look for NASD/NYSE/AMEX dogs..at 52 week lows.. thats what you buy ,,and go long.. or stocks like RNTK ..
I am also staying away from pennies,, too many dogs getting in the act..
The cardinal rule,, nothing ever goes straight up ,,especially high valuation stocks.. It saved me ,,from WDC, VVUS, CREAF, COMS and INTC fiasco.. also CCI
Also we might even see 10,000 after a pull back at 9,000 ,, but I am hearing a major adjustment in April and May from various sources,, including from my friend at Morgan , who predicted Asia crisis on Thanksgiving day at my house,,he also forecasted Russian notes coming under pressure..
Last but not least don't forget our friend Dr.Yardeni's (Deutche Morgan Grenfeld) outlook on Y2K impact on corporate bottom
line..http://www.yardeni.com/
Joe
Tomorrow we have an AMEX short squeeze.. members will get an EM at 9:45 AM EST.. |
