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six wrote:
May 02 11:03 am
|Rating:
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All Comments by calisdad »Why This Rally Is Unsustainable [View article]
"Don't forget that a large amount of IRA money is added in April. That comes in mostly through mutual funds. Fund managers HAVE to put that money to work so it goes into the market and with a rising trend in place it serves to drive a weak market ahead. Why is it that the mechanics of the market are so rarely discussed in the mainstream media???? "
I agree completely. It's a very basic fundamental that is overlooked.
As far as the article: The market bottomed March 5. Pick just about any chart to verify. If you don't cover now you will be covering the penny stocks by July.