next few trading days will be choppy if not bloody accross the board IMHO.. Buy Tech stocks now, RHT, EMC, VMW IBM
RHT will be up 20% from here, EMC will hit 30+ with share buy back (6 billion) and new Dividend starting next month.. The rest of the market will pull back 10-15% over the summer locking in the last 7 months of gains. Funds will reposition in Sept moving into the 4th qtr.. Tech tech tech they are about to pounce!!
I have a 2 friends, one is a bond trader for a major japanese bank in Manhattan and the other owns a financial planning company in NY. Both say the same thing, They are pulling money out slowly and building a cash position waiting for the drop to 13,000 and something.. you know if those 2 are doing it the other fund managers are too. Doing but not talking about it.... dont get caught.... be smart take some profits in jamn but hold a position incase something unexpected happens.. lower volume today with a flat close is not a good sign. We will retrace the .40's before we move to new highs in the fall.