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Strategies & Market Trends : Trader J's Inner Circle
NVDA 183.40+2.1%Dec 4 3:59 PM EST

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To: Trader J who wrote (2167)12/16/1998 10:53:00 AM
From: ayahuasca  Read Replies (2) of 56535
 
JEFF: The Market

I am usually fully invested in stocks but this morning, for the first time in a very long while I decided to go all cash. I have a bad feeling about the next few days. It looks like we might bomb IRAQ again, earnings warnings are coming out now and of course the whole presidential uncertainty. While I do not think Clinton will be ousted from office it does seem very likely that he will be impeached and that this whole matter will be sent to the Senate to deal with. These factors in combination seem to spell alot of doubt and worry to me and that is why I think this is one of the more dangerous times we have seen recently in the market.
If there is a nasty correction soon I dont think it will last too long and I will be ready to jump back into the market hopefully next week. After all it is holiday time, there seems to be tremendous internet retail sales and January (a notoriously good month) is just around the corner.

What do you think?
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