One sign of encouragement was the mood of investors last week. I heard o lot of "I'm going to take my money out of the stock market and get in to a money market fund" Exactly the wrong thing to do at this point. These are probably the same people who seeing the market going up for years decided the stock market was the place to be and decided to get in as the news media was making a big deal about the rising market. Then came the peak! Now the opposite is happening. When the market is one of the main topics of the news, one should stand up on their hind legs and take notice!
I stated this on my web page sunday nite. It sure would be great if this is the turning point we been looking for.
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