We wanted rotation, now we got it. I wonder if we will rotate into something
else tomorrow.
Based on the moving averages everything looks comfortable. However, try to
build a portfolio and it makes you want to become a day trader.
I had an office mate who was having trouble with the thermostat in his
office. One day it was 85 and the next day it was 55. Being an engineer he
said "on the average I am quite comfortable". The major indexes are quite
comfortable right now.
Mike Scott
Tarzana, CA
