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Jun 05, 2006 - Issue #009
How now, Dow?
This past week the market ended eerily quiet reminding me of the "calm before the storm".
In my opinion, all hell is about to break loose!
Up only a third of 1%??? Of the 30 components, 18 up vs 12 down. Trends: 13 rising,
10 declining, and 7 consolidating, according to my calculations.
What's going to set it off? Are you kidding me? Take your pick. The world's a powder keg.
Iraq? Iran? Oil? Interest rates? Consumer debt? Real estate foreclosures? Politics?
Imigration reform? Tax reform? Off year election political maneuvering?
All of the above and a whole lot more we haven't even thought of.
On top of all that, we are now in the beginning of a new hurricane season. Just what
we need. We haven't recovered from the last one. Insurance companies are already
backing away from this one.
This is no time to be complacent. Things can get ugly in a hurry. All the volatility
indexes are being rudely aroused out of their long slumber.
Is the market trying to tell us something? You betcha! Are we listening? Probably not.
Of course, if you take your advice from the guest commentators on CNBC (financial
"experts" all), you are being inundated with the usual "buy and hold" crap. It's called
"hand holding", folks.
Wall Street may have a one-way street sign but don't you believe it.
Keep in mind: Cash is king and money can be made in down markets also.
Comments? Ideas? Feedback? Let me have it, right between the eyes! I'd love to hear from you. Just reply to this zine and tell me what you think!