Bill,
Not that we are in agreement that often, but I guess WE MUST BE WRONG, since most are thinking that we are going much higher, and some think forever.
Now, most of the people I talk to outside of SI are saying 11,000-12,000 immediately. They say they are cautious but have not taken any precaution, and some are buying and buying strong today, at least thats what they told me.
I always heard that the market moves in manners which profit the least, as in this recent runup with less and less stocks participating. I GUESS WE ARE JUST WRONG AND WE ARE BLIND!
What is interesting is that I got out of/hedged all my longs in JAN when the DOW hit 9600, and all except 1 are still below those levels I got out of. On the other hand Im not the best stock picker. And everyone I know is in the same boat Im in. I guess I only know lousey stock pickers. Is that the bigger picture or is the bigger picture the few stocks which are moving up. On WED the DOW was up about 80 points and that was only on 5 DOW stocks. Yesterday the DOW was up 124 points on only 8 stocks, hey thats a 60% improvement over the previous day. gggggggggggggg Since there are only 20 stocks in the ENTIRE MARKET, I guess we are going to be wrong.
seeya |
