 Quote:
Originally Posted by James5v
I did not see the optimism that resulted in the market moving to near 8800. But what do I know?
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Markets frequently overshoot, down AND up. The market probably way oversold into early March and shot up too quickly without supporting fundamentals.
If the market remains extremely volatile, it could be a period of time when more frequent rebalancing than usual could be profitable. But my Magic 8-Ball isn't working well enough to know. Anyway, it seems pretty clear that the last bullish uptrend is toast, and the sellers and profit-takers are back for some unknown amount of time.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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