All signals point to the market entering a significant Bear phase. Leading stocks are getting absolutely hammered. The DJIA was chillin’ for 3 days right near this 10,250 level, with very little movement.. The calm before the storm.
We just said “buh-bye”to that 10,250 level. The Dow has already had a 120 point range (top-to-bottom) today.. meaning we’re moving out.. and DOWN seems to be the direction.
2 1/2 years have passed since the big March 2003 low.. which coincided with our tanks rolling into Baghdad. Historically, that’s a pretty typical age for a Bull run to falter.
I’m 4% invested, 96% cash.
