Hank: You asked "What do you think the market will do in August?"
Well, I still don’t know, but this was a damn good start.

http://news.yahoo.com/s/ap/20100802/ap_on_bi_st_ma_re/us_wall_street

Contrary to what some think. I'm not a cheerleader for this economy. I just like to point out that those who predict the short term market are simply guessing. Long term the market has produced pretty steady gains for 75 years or more. Those who try to time the market usually end up losers.

The market moves only in response to fear and greed. Right now greed is on top.


Edited by Dave Vedder (08/02/10 06:53 PM)
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No huevos no pollo.