I have to agree with Amkeer; things aren't looking good. This latest bull market has been very long as bulls go, and it's showing signs of collapsing. The Fed is trying to rapidly raise rates (to be able to lower them when things cool), but they're behind the curve. There's not enough time left to get rates high enough.
Consumer optimism is declining, and that's what drives the economy. Fuel prices are 'stabilizing' at a high level. Technology stocks are tanking (re IBM; they do good at starts of bull markets and poorly at ends).
If we have a summer rally, I'm selling into it. Once the S&P and Dow go below their 40 wk moving averages, it'll be a bloodbath; and it could happen by this fall. Keep your powder dry, guys.
Consumer optimism is declining, and that's what drives the economy. Fuel prices are 'stabilizing' at a high level. Technology stocks are tanking (re IBM; they do good at starts of bull markets and poorly at ends).
If we have a summer rally, I'm selling into it. Once the S&P and Dow go below their 40 wk moving averages, it'll be a bloodbath; and it could happen by this fall. Keep your powder dry, guys.