Sorry all, I'm staying put in the G fund as I'd indicated in my last email from 1 Aug.
The factors which drove the support levels on the charts and the statistics that relate to those support levels do not exist today.
Aside from the latest news on world economics, I've seen too much movement in the Asian markets - specifically China and Japan that are just not favorable. Add to that, turbulence in the German and British economies and the collapse of monetary value in already weakened South American economies makes me believe we're not yet at the bottom yet on the stock indices.
I may be completely wrong in my assertions but the optimism that is held by many has not convinced me that we're any better off today than we were when I existed the market on 7/19.
Already, in just over two weeks we've had two major drops in the US Markets (8/5 and 8/14) and nothing in the noise makes me feel like any of the market forecasters have a clue on where it will end.
For me, 100% G, I hope I'm wrong but today will say a lot.
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Posted by: MDJ <jonesmd2@yahoo.com>
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