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To: TT who wrote (156)2/22/2007 12:11:40 PM
From: Tom Caruthers  Read Replies (4) | Respond to of 361
 
Well, I think is it prudent to be cautious in the markets in general. I was looking at charts of the indices and the S&P500 and the Nasdaq both are teetering at highs. My sense is that it won't take much to drop the market.

Already today, leading stocks that I used to own (doh!) are turning down after a blow-off rally top, suggesting that the momentum is shifting.

Despite this, there are many stocks that still look good. And today, I'm a net buyer.

I guess we will see.

Tom