QUICK THOUGHTS
- It seems that the Phase 4 investor stampede, signaled an intermediate term top to this market almost perfectly.
- Today's downdraft seems ominous. Lots of important support points being taken out just as the markets were attempting a crucial recovery. So begins our correction phase. Choppy, with a downward bias ahead.
- Oil/gas stocks will be the play of 2011 and beyond. Do you research. The smaller the market-cap the more chances for aggressive gains. We're up nearly 400% on ours since October of last year. Got a tiger by the tail here and I ain't lettin' go.
- High-beta tech will have you offering unsavory favors in exchange for illicit drugs over the coming months. Don't go out like Willy Lump-Lump. It's the last place you want to be.
- Working on a possible new long-term position in our portfolio. Still doing the research. Initially it looks very promising, however.
