Have a great weekend!
Friday, August 19, 2011
It's Friday, you ain't got no job........
The next few weeks should be pretty telling. If the globe is slipping back into a recession, than stocks are overvalued by 18%-22% and we're in for a major sell off. But if this is just a soft patch (as I predict), then we are a good 18%-22% undervalued. So what's a sound investor to do? I'm 90% in cash waiting to see which way break. All I'm focused on is being ready to deploy my cash reserves when I get a clear signal on which way we're gonna break. I'll leave you this week with a little encouragement from Smokey:
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Market Move
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