Five Reasons the Market Could Crash This Fall [View article]
But what will be the new high. Asssuredly not over 14,000 for several years. Maybe half way between the recent low around 6600 and the october 2007 high of over 14,000. The new high may well be somewhere around 10,000. I think it's time to sell. I have been cutting back through stops and am at this time 95% cash with fairly close stops on the remaining 5%. Time to be defensive. Yes? No? My own approach is stricly common sense. Not technicals.
haphap11, I got a kick out of your first sentence:"whomever wrote this is a complete idiot." You were, of course, referring to your own sentence. Very clever. PS, I often use stop losses; especially in today's volatile market, but I have placed none on my GE shares.
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GE: More Bad News to Come? [View article]