Friday, November 09, 2012

Oversold

I know I said I wouldn't be posting but here's a quick update.  Markets are set to open lower.  The only thing that seems to matter is the Fiscal Cliff and whether our elected leaders will do anything to keep us from going over its edge.  I'll discuss this next week.  Today what I wanted to point out is that stocks are becoming attractive on both the basis of valuation and on money flows.  A bad market  today could lead to a change our market indicators in the near future.  Remember we have been NET MARKET NEUTRAL since 08.08.12.  Will be interesting to see how they act by the close.