The markets continue the melt down today, after yesterday 12 year lows which saw the Down drop by 4%. Today the Dow dropped again with the after hours market dropping another 100 points!
Since Feb 10th, when the technical indicators all lined up for a sell, the Dow has dropped almost 20%!
Extreme caution in going long in these markets.
Investors have lost confidence; lost confidence in the banks, in business and the government. The market will not climb when there is no confidence.
I have been hoping for a rally, but continue to be disappointed. Hoping is not the way to invest.
On the next rally, whenever it does occur, raise cash. This thing is far from being over.
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