I want to apologize to the readership for my lack of articles over the past couple days. Between computer breakdowns and TV gigs, I haven't been able to post other than this morning (with Toddo's help).
Before the weekend begins, I did want to pass along some brief thoughts;
The market is no longer oversold and is actually at the high end of neutral... heading toward overbought.
March 1st and Dr. Blix is coming soon, which is likely to keep buyers away especially if stocks become near-term overbought.
Nothing has changed on the intermediate-term picture - it continues to urge patience in buying. The hardest thing to do after three horrendous years, is not get excited about buying stocks. This is particularly true if it happens to be the 3rd year of the Presidential cycle, which hasn't been a down year since before FDR. It may be the hardest thing, but I continue to view it as the proper thing for right now - expect that to change soon.
It is very important to remember that bottoms are a process and not an event.
And lastly, I love that daisy digs TV hunks (especially bald ones) and it really scares me that Toddo was thinking about me and contoured Speedos - I don't even need that visual!
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