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Might be better to monitor what Warren Buffett plans to do with his $9 billion
cash
on hand.. Also lots of bears among funds and advisers for a few months already
so , there are many money waiting,sitting in the banks,their reasoning might be
fundamentals, technical or seasonal, and Greenspan really got naughty and
sparked the fire. Am profitaking this weekend. Gonna/Gotta get a fresh
perspective starting next week.
Earl Adamy wrote:
> Ah, but have you forgotten that we need to suck in all those billions
> sitting in money market funds waiting for a "buying opportunity". The
> talking heads will be out in full force tomorrow telling everyone to get in
> before it's too late. I'm still holding my first overnight for first time in
> months from 1008 looking for 1080. Maybe I'll hear that giant sucking from
> the money market funds and hold for 1120-1140. The Chairman has diarrhea and
> I'm not going to wait around long enough for it to get to my mountain top.
> As far as I'm concerned, it's a bear market until my weekly work says
> otherwise.
>
> Earl
>
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