Change in Posture, Forget 1460 Bounce Objective

As we said in Fridays late comments, the tenor of the current rally is suspect in terms of its magnitude or longevity.  Over the next few days we will be assessing new strategies, but the safe thing to do at the moment is be out of the market completely.  Declining corporate profits combined with a declining P/E ratio structure make current pricing of stocks excessive.

7:50 AM CDT

Leave a Reply

Your email address will not be published. Required fields are marked *

five × 4 =