Market Comments
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Market Comments |
| Today's Comments (Short Term Outlook) |
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1/25/05 Where's the bottom? The only thing I wanted to show you today was the recent activity in the dollar. The I fund tracks the EAFE index and a falling dollar helps the I fund return while a rising dollar holds it back some. If the recent strength in the dollar continues I'd rather be in the C and/or S fund. If it heads back down, I may get back into the I fund...  Chart provided courtesy of www.decisionpoint.com That is why I am currently 50% C, 50% S fund, still waiting for the market to turn. The S&P 500 is now at the bottom of the range I where I thought the pullback might end (1163). We haven't seen the panic selling I would have liked to have seen at a bottom. It's been more of an apathetic sell off. Will it be enough? The next support is about 1150 so we need some help here. See you tomorrow. |