| Today's Comments (Short Term Outlook) |
|
There is very little else I can say to
reassure you. Things look bad, but they always look bad at the
bottom. I have to trust my indicators because they are a lot
smarter than I am. And less emotional.
It is looking more and more like 1994 all over again. All I can do is what I am doing. I am waiting it out expecting this drop to come to an end soon. It's a matter of when, not if. The big question is how much rally can we expect once it starts? There has been a lot of technical damage done to the markets. We had a couple more nice earning reports after the close again yesterday but inflation worries seem to be taking the headlines. That's all today. I moved to 50% C, 20% S and 30% I effective today. See you tomorrow. Have questions? Visit our message board for answers.
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