On CNBC just now John Murphy just said that he expected the markets to retest the Seprember lows, IN fact he expects the lows to be lower than the September lows, Exactly what we have been telling the board for the last two months
I've said it over and over again, the cycle patterns are never wrong. Overall this market still has some "down" to go.
My gut tells me that your right. That's why I think its important to be extra selective in you stock picking. I'm thinking of reaping the benifits of the "January Effect" on my portfolion and getting into cash. (not that it was a great january, at least I didn't hurt myself and I made a little money). Peace. . .edlaff