After weeks, well months of government "cures" for the market and the economy, we are pretty much right where we are started. The one thing that has done the American public any good is the "gas relief bill" that we wrote ourselves. Most of Washington is on vacation and obviously in no hurry to make any changes. They were sure in a hurry to put a lien on our grand childrens future before they took their fall recess.
Just get use to this market, it will be this way for some time. After more than a month of runs on the hedge funds just wait until retail customers get their statements for October, the runs on the Mutual Funds are just getting started.
I don't want to be negative but you have to be honest with yourself. I get emails from investors and traders everyday whose one thought is like that of a small child. Can we go now? Is It Safe to go in now? I admire Warren Buffett so much. But I thought he did the public such a dis-service writing in a major newspaper that "It's Time To Buy". Mr. Buffett joining the market cheerleaders is just wrong.
Am I saying "Go Short Young Man". I am not suggesting that to anyone that does not already have a short plan in place. But of course I will be shorting this market on every rally since that is where the trend is taking us. Especially the NASDAQ. The long term investors that are starting to buy are after large cap companies with great dividends and a great history of paying them. And the NASDAQ has very few of those.
Be careful at there, and don't poke your head out. You know what might happen!
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