Monday, August 8, 2011
Where is the bottom?
Last three sessions on Wall Street have seen a flash correction plunge. I still believe there is time to get into cash. The market has another 10-20% to go from here until it has reached a reasonable surface to rise from. Rick Perry appears to be getting into the Presidential Race. A seasoned governor of a large state that has bucked the trend of this recession should be real "Change Our Country, Our Economy, and Our World can believe in". Look for Perry to be strong in New Hampshire and win big in Iowa and South Carolina. This will be the signal to buy. The market should be near the bottom by then. Maybe sooner if Perry looks very strong in the polls. If your average market basis is still up over all there is still time to get out.
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