| Today's Comments (Short Term Outlook) |
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The market won't do what everyone
expects. Due to little league, graduations, new art gallery employees and busy season at work, I have to make this short today. Another respectable day just when it looked like the selling started. The more everyone expects a pullback, the less likely we will see one. The market is more than due for a rest. There are many bulls and bears who have missed this rally and are in real need of a pullback so they can get in. As soon as they give up waiting, that's when it will come. A profit taking pullback could be more severe than we'd like once it does come because of this. Still, nothing to worry about for the intermediate term. Just a short term blip. When do you think they would give up? How about before and after the holiday when the market is supposed to be strong? Hmmm, that's a possibility. That's all for today. Currently 65% C, 35% S fund. Until next time... |