Among the many stocks we watch perhaps 80% to 90% are deep in correction territory, price-wise. This contradicts fairly firmly our previous attempt at prognostication regarding general equity market movements. In case I have not it before, let me get this notice out and on the record: We do not believe that we can correctly call the direction of the stock market as a whole.
Where will the market be at the end of July 2010? We don't know.
What will happen to stocks for the rest of year? They will fluctuate.
What will happen to stocks next year? They will fluctuate.
Is this a good time to make an equity investment? Yes, if you are putting money into a venture you already control and other people are trying to make you sell them your stock. No, if you got a tip from someone in the last few days. Maybe, if you don't need the money back for the next 24 months.
Any more questions?
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