The market, as measured by the Dow, is now over 9800. The same folks calling for a pullback two weeks ago now envision the market heading merrily higher uninterrupted.
We do believe the market could use a breather here but remain convinved that the market will be higher in six months than it is now. Pullbacks should be bought.
We wrote on August 19th that a fall market pullback was likely and should NOT be sold. There is too much noise and one-upsmanship on Wall Street when it comes to short term market calls. These can be deadly to smaller investor’s financial health. Get a strategy and allocation and change it slowly, carefully and in moderation as life and the markets unfold!
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Sept 17th market thoughts
Thursday, September 17th, 2009
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