Hi Clive, Re: Market Risk.................
I talked to a broker friend today about his impression of the market. While it has been stinky, he also feels the end of the current decline may be near. His reason:
"I had a call from a worried client today and he wants to get 100% into Cash!"
So, my friend's view is that if some folks are starting to panic and capitulate, then the end of the decline is at hand.
Best regards, Tom