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  • Closing Update for Friday, August 7: Day Up, Week Up [View article]
    The story today was good, but there is no light at the end of the tunnel yet. What we are seeing is the speculation of early buyers of hope that a recovery is at hand. But beware this run has been long and on low volume, it will correct hard when it does correct. Where are we going ultimately? No one knows. Some think the recovery would come, the stimulus notwithstanding. Others know that the promise of the stimulus can only make things better so they want more. The true is that things are better, but not a recovery yet. Buying equities now is OK, but stick to the indexes and use stops. Nothing has changed but the level of hope.
    Aug 07 18:28 pm |Rating: +4 -1 |Link to Comment
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