Telkonet Inc (fka TKO)

[WinOneGipper]

Hi Ouch,

I agree the S&P 500 is the KEY future trend indicator. If we go + or - 2% either side of 1450, I think the next three month direction will be set. If the Fed doesn't cut at all, and my reading is they won't, we're headed down. I did cover all my margin positions today! If the Fed cuts 1/4 we may get a brief rise like you said, but not more than the 2% into Oct. Way too many problems surfacing to shake consumer confidence. I may get out of the market entirely the closer we get to the 18th/19th meeting. IMO Bernanke has mis-read the economy since his appointment and needs a reality check.

Gip