scalf,


I've been studying the market real close lately. If you see any rallys up through October this year it will be a "bear market rally." The market is overvalued. Even though the economy is showing recovery, the profits are not that great and don't justify the prices. If you are looking to buy stocks, look for undervalued, but they may even drop lower due to the panic in the marketplace. I think we may even see some more bear market rallys, but don't be fooled, especially if it goes up 300+ points in one day, because like I said the profits don't justify the prices.


My money has been out of the market ever since the dow hit 9600. The problems have not been resolved. Today consumer confidence dropped like I expected. The marketplace does not trust our government. The investors don't trust the accountants. I think the report I referenced in an earlier post will probably come true.


Good Luck


Mark