Friday, August 20, 2010 12:22:35 AM
To me, the markets look like they are putting in a strong bottoming formation and have been for months now.
It seems everyone is looking for a "crash".
I say buy what you know right now, and if you have the time horizon, HOLD! Fidelity reports huge uptick in 401k loans and hardship withdrawals. This is EXACTLY what the powers that be want. They have been in an asset confiscation mode since late '00. They already got alot of homes, now they are going to the next best thing, those who still have anything left in their 401k's.
When I read that, another bullish sign that the worst may be behind us.
IM
Recent NNVC News
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 09:44:48 PM
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