Market Talk

[Fred_Ferdelberger]

I think this market will continue to take 3 steps fwd and 4 back. There is not one sign to give a short term hope of a trend reversal.
The buyers in this market are not investors. The have no sincere belief the markets are going to trend up in the short term. We have a bunch of large traders riding the market down and taking money off suckers.
The big funds have to play. With billions to manage and an expectation by unit holders of decent returns, what can they do? Sure as hell can't put it in the bank or hold for miserable dividends. They have to buy and sell and hope they got the savvy to beat the pack. Mutual Fund holders are in for a bad year i reckon(unless they got Rydex Ursa like me)
Today may be one of those 3 steps fwd.

Fred