From the news I read, many analysts predict the current global financial crisis isn’t over and the market place won’t reach bottom until later this year. Personally I don’t pay much attention to these individuals predicting anything. Judging their performance last year at the onset and early part of this economic dilema did any of them advise investors to shift equity positions into cash or money market positions? Haven’t heard of any to date. Their position was simply don’t sell, things will eventually turn around and return to normal.
Well, charts that I have designed over time did predict/specify the downturn was at hand and consequently my equity positions were moved to safe haven money market funds and cash. At present these same charts give no indication of any near term severe corrections. Stay tuned, save this web page to your favorites and assuredly you will find information regarding indications of any future turmoil in the markets.
