Well DJ, I'm always a bit early, whether it is buying or selling. Nobody seems to remember a Dow day of -200, -300 or more lately, nor do they remember a string of -100 to -200 days (5-6 days at a crack).
This market IMO is priced for perfection, and we know that perfection won't last more than a little while. What I'm waiting for now is for something to come out of left field to knock the boat. That could come today or tomorrow. If I'm wrong with KO tomorrow I'll cover, and I'll simply be wrong -- less a few bucks. If I'm right, I make a few bucks and cover, (a few days later, and clean up).
My risk doesn't seem to be very much, compared to those who bought at today's prices. Still, IMO, KO and the rest of the market is overbought.
Cheers to all,
it |
