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| November 17, 2008 |
| 11/17 @ 10:30 a.m. Stuck in the mud again in these markets. It appears that we may have set a level of intolerance on the downside. Some call it a bottom. I call it a price point where cash-laden investors can no longer sit patiently. That level is about 800 on the S&P 500 and 7,700 on the Dow. We’ve tested it three times in the last two months and bounced every time. However, the more times we test it, the less certain the resilience will become. I’m concerned for the short term of the markets, but if you look out five years, I have to believe that these entry points will look very attractive in hindsight. When is the last time we have seen GE trade at $15/share? Microsoft under $20? Target near $30? However, that is not to say that ... |
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| Financial News Courtesy Of Fresh Content.net | Personal Finace Stories Courtesy Of Fresh Content.net |
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