time to be careful
I hope you guys load up at 78. I did warn the board that if Dow holds above 80 this week we shall see 90 next week. I was all in this morning. Short term rally is coming.
What you're witnessing, dear, is what's called a Bu11 sh1t rally.We're going to have one or two more of these popping us back into the 8000's, then for 2009 you can kiss above 8000 goodbye.Do you understand that for the next 24 months there's absolutely no justification WHATSOEVER to put the market any higher than 8500?NOTHING.For a 10 year hold, these prices are a great buy. But you and I both know that 99% of the people who trade these days never hold out that long.