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From: terryjoh...@yahoo.com
Date: Sat, 03 Mar 2007 10:02:18 -0800
Local: Sat, Mar 3 2007 1:02 pm
Subject: Re: Markets showing fear not fundamental failure
I agree with you. Panic never made anyone any money. The bottom was
tested thursday. It held! This is a good sign, and would imply a 50% chance that this will hold as the bottom. If not, the correction could go as high as 10%, or around 11400. If you are a buyer, I would look at defensive stocks first. Finanacials will probably bottom in about a week or so, and the rest of the market within a month. If you are not looking for defensive type stocks, then I would recommend waiting until the end of March for financials, and early April for the rest. You must Sign in before you can post messages.
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