Tuesday, October 04, 2005
Last weeks rally was a feeble attempt at end of quarter mutual fund mark ups. The action was much weaker than expected. This is not how a bull market should behave. October is the cruelest month. Because we were wrong about the strong rally last week, it logically follows that October will be an especially cruel month on the downside. So, anyone with big profits should take a lot off the table before I say, I told you so.
Posted by Steve at 10:05 AM