| Today's Comments (Short Term Outlook) |
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More nothing. This is getting monotonous. I have very little to say that hasn't been said already. The markets are doing very little. It could go either way but I just don't see what would be the catalyst for a rally at the moment. We are heading into earnings warnings season and Greenspan takes center stage again next week. That should give us some pre-holiday fireworks. Volatility has been very low which isn't usually a good thing for the market, but it has been said to, "Never short a dull market." The ARMS index 10-day moving average went below .90. Typically a sell signal but it is not an instant gratification type indicator, but it does usually mean lower prices sooner rather than later. Oil is still near $60 and the market barely flinched. Is this a sign of strength, or will we get a delayed reaction? I won't bore you with more of my guesses. I'll wait for the market to actually do something so I'll have something to talk about. That's all for today. Currently 100% G fund. Until next time... |