Anthony, I think that the market is pretty much on the edge right now. A small rumor or non-event (like FDA asking for more study from LLY) will cause panic. Just remember this, a lot of money in the stocks don't even belong there. In many cases, they belong to the people who don't do their own home-work before investing. Or they are on margin. Having said all of the these, I think the market is near the bottom, JMHO, of course, because I smelled the panic, and people started selling the big-caps, sacred cows, like MSFT, DELL, CSCO, LU and of course PFE!
<OT> I sold my INTC at 84, haven't come back either. I still like the financials better, even though, I haven't put a dime in it.
Da bull |
