If you're looking for excuses not to be in, you'll find plenty of company. I don't disagree with anything you've said. I'm still 80% cash, but on the rest of it I am up 3.5% this week. Keep your powder dry and be nimble or sit back and relax.
Dave Rubin <daverubin@???> wrote:
I am very suspect of M here. Sure were in a confirmed rally but something doesnt feel right. Anybody agree?
I see POT reaching new highs yet again on decreasing volume. Looks like it is forming a triple-top. Or, it could be breaking out of a short double-bottom. But shouldnt we be seeing new stocks breakout, not the same old ones breaking out of short bases?
I hate to try to time the market. If you miss those precious few 4% daily gains your portfolio takes a big hit. But still I cant help but think we havent seen the end of this correction. Looking at a long-term chart, sharp moves down like this one never resolve this quickly.
This financial crisis is immense compared to other bear market triggers such as the S&L crisis and LTCM collapse. Trillions of dollars just disappeared. One could say its the worst we have seen since the great depression. Is a 6 month correction of 17% in the S&P enough, especially after a bull market of unprecedented length? Or are we in store for another protracted bear market like 2000-2002?
Dont want to miss the next move up, but having trouble committing dollars here
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