Rich T. was bearish on the market when he wrote “Stock Market Valuations Predict Risk and Return; Indicate Poor Returns from Current Levels” on 6/17/11. On that day the S&P closed at 1271. Today it closed at 1120. I’m considering jumping in at around the 1070 level, which is close to halfway between the 1370 52-week high and the lows of 2009.
For the DOW I’ve already picked 10,300 as a good entry point, but that was before the FED assured us that rates would not rise for another 2 years. So the main reason for getting in @ 10,300 was because of fear of inflation. Now all bets are off. Although what the fed said does stabilize the market I think it also sets the stage for people to sit out of the market longer.P.S.- I bought some aspirin today and guess what “it’s made in China”. We just started “fostering” a Pekingese so maybe we are all going to be “turning Chinese”. Seriously though the history of the Pekingese breed is pretty interesting.
For the DOW I’ve already picked 10,300 as a good entry point, but that was before the FED assured us that rates would not rise for another 2 years. So the main reason for getting in @ 10,300 was because of fear of inflation. Now all bets are off. Although what the fed said does stabilize the market I think it also sets the stage for people to sit out of the market longer.P.S.- I bought some aspirin today and guess what “it’s made in China”. We just started “fostering” a Pekingese so maybe we are all going to be “turning Chinese”. Seriously though the history of the Pekingese breed is pretty interesting.
For the DOW I’ve already picked 10,300 as a good entry point, but that was before the FED assured us that rates would not rise for another 2 years. So the main reason for getting in @ 10,300 was because of fear of inflation. Now all bets are off. Although what the fed said does stabilize the market I think it also sets the stage for people to sit out of the market longer.P.S.- I bought some aspirin today and guess what “it’s made in China”. We just started “fostering” a Pekingese so maybe we are all going to be “turning Chinese”. Seriously though the history of the Pekingese breed is pretty interesting.
For the DOW I’ve already picked 10,300 as a good entry point, but that was before the FED assured us that rates would not rise for another 2 years. So the main reason for getting in @ 10,300 was because of fear of inflation. Now all bets are off. Although what the fed said does stabilize the market I think it also sets the stage for people to sit out of the market longer.P.S.- I bought some aspirin today and guess what “it’s made in China”. We just started “fostering” a Pekingese so maybe we are all going to be “turning Chinese”. Seriously though the history of the Pekingese breed is pretty interesting.
