Outlook May 24
Posted by Danny on May 24, 2010
Stocks went down all week long.
Red period continues this week, so we are likely to see even lower prices before we get a meaningful bounce (in early June according to the lunar cycles).
Stay out of stocks.
If we get another drop this week, then look for a short term bottom towards the end of the week.
That could serve to pick up some cheap bargains.
But I would continue to stay very careful in this market.
Good luck, Danny
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This entry was posted on May 24, 2010 at 11:08 am and is filed under Market Commentary.
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Outlook May 24
Posted by Danny on May 24, 2010
Stocks went down all week long.
Red period continues this week, so we are likely to see even lower prices before we get a meaningful bounce (in early June according to the lunar cycles).
Stay out of stocks.
If we get another drop this week, then look for a short term bottom towards the end of the week.
That could serve to pick up some cheap bargains.
But I would continue to stay very careful in this market.
Good luck, Danny
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Like this:
This entry was posted on May 24, 2010 at 11:08 am and is filed under Market Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.