Sunday, October 23, 2011

Another week of Euro Nation

Wednesday is supposed to be the day that Greece is saved.  We'll see.  So far lots of posturing and not much substance.  Last week the DJIA and the S&P 100 moved higher while the NASDAQ slid lower.  If there is any direction in the market it seems to be slightly lower.
There are times to be mostly in cash, and this is probably one of them, but that could change soon.  One could make the point that equities and commodities are much cheaper than a few weeks ago and this may be the time to start leveraging in.  We agree if you can do it with money you can afford to lose.  We would much rather the market have a trend.  If the market likes what comes out of the Europe meetings this week we could see a new trend start.  So do you jump in, or wait!  Unless you have inside information we recommend treading lightly.  Below is the chart for the DOW.

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