Pondering

Things to ponder while taking a break from the midday heat. Summer came early to Chicago this year.

-CNBC is reporting that mutual funds experienced their strongest inflows since February of this year. That's just before the SPX experienced a nasty 7% pullback and the NASDAQ fell over 8%.*
-Investors Intelligence shows 50.6% of its respondents as bullish {thinking stock prices will go up} & only 20.9% bearish {thinking stock prices will go down}. This is historically seen as a contrary indicator.
-Speculative media darlings getting killed right now.
-See my June 1st post.

*CNBC, Power Lunch, June 8, 2005.
Please note market information is for informational purposes only. Unless you consult with Mr. English and he understands your investment profile, you act on information contained in this post at your own risk.