Awesome Stocks

[gfp927z]

Bigworld, With the CPI inflation data coming tomorrow, I wonder if stocks might get an oversold bounce? Some analysts are saying the inflation data may show signs of peaking.

But with the Fed poised for more 1/2 points raises regardless (in June and July), any rally will likely be short-lived. I figure the S+P 500 will have to at least test the 20% correction level (~3840) at some point, and then the 64 K question is will it hold? If not then the carnage continues.

Even with bargains developing, it still seems way too early to get back into the market, except maybe for short term trading of the bounces. But I'll probably just sit it out in cash and not get too clever.



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