Daily Investment Interpretations

May 23, 2010

2010-5-23:  There seems to be general agreement that (1) the deeply oversold markets are due for "a doozy of a bounce", (2) hedge fund managers are engaged in "risk reduction", and (3) the world's economies are facing strong headwinds, and the bounce will be followed by a further descent into the abyss. And of course, when there's general agreement about what's going to happen next, it generally doesn't.
    My TopStock Portfolios advisory service is alerting us subscribers to the possibility of a "buy" signal tomorrow. It's internal indicators are pointing up, and perhaps more robustly than one might expect.
    We'll see.