Wednesday, August 24, 2011
Just heard CNBC talking about how the portfolio managers they are talking to are confused. Not sure what is so confusing---stocks and many commodities are in a downtrend and Gold and Bonds are in an uptrend. During any uptrend or downtrend you will see reversals---simple as that. You get confused when you try to look at what is going on and predict the market. What is the market going to do today, tomorrow, the next day? I have no idea. But I do know that stock are in a downtrend and that investors need to treat them that way until the trend changes.