Re: "Are semis, HMOs, REITs, Banks, Airlines, Oil, small caps, Asia, Latin America, Russia, commodities, gold, etc. wrong?"
I don't know what you mean by "wrong."
RE: "There are a lot of people starting to lose money. There is little pricing flexibility anywhere."
I agree, although it might be said that there are always people losing money in the market.
Re: "IMO, this market is shouting SELL."
When do you think that the market started shouting SELL? Did it start shouting SELL at DJIA of 5400? 7400? 9300? Or just recently, at 8600? There are many people who heard it shout SELL at 5400 (e.g., Elaine Garzarelli <spelling?>). Obviously, they were hearing things. For your sake, I hope you were not in that group.
Same story for the people that were hearing SELL at 7400.
Those who were hearing the market shout SELL at 9300 had good ears and, assuming that they are also able to hear the market sell BUY at the correct time, will come out ahead. My hearing isn't the greatest, but I think that I hear the market wispering BUY right now.
Best wishes,
I2 |
