No Joking…The Market Needs to Hold Right Here

Posted by Howard
on September 8th, 2008

Apple is still $30 points above it’s early summer lows, but RIMM ad GOOG are flirting. It would be fine if their was new leadership, but I don’t see it and I have been scouring and watching IBD 100 and a Feed of 700 traders at StockTwits for real signs of life.

I don’t have a good feeling and I am not buying, so it’s likely a bottom of epic porportions.

The good news is you don’t have to be a hero.

You still need to clean up your portfolio and keep your confidence so that if a strong bottom is underway, you will participate in the years to come.

This market is torturing the best traders and long-time winners. I think that’s good.

No one should rule the markets forever.

We need lot’s of new blood in the money management business and a bpottom here won’t create too much change.

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