Monday, June 19th, 2006
Opinions mixed, but caution wise
There has been lots of commentary on whether we’re in a correction or the start of a bear market. Those who advocate buying on dips are touting this as a great opportunity to load up with undervalued stock. Ken Fisher believes that rates will have to ramp up a lot more to kill the bull market.
But as Barry Ritholtz notes Mark Hulbert has outlined a simple market-timing system that is very bearish. What’s certain is that in this market growth investors, particularly momentum/CANSLIM and aggressive growth types, will struggle. It’s comforting to know that if the market turns there is plenty of time to hop on board the new trend. Bull market correction or bear market, the signals indicate a cautious stance should be taken.
This entry was posted on Monday, June 19th, 2006 at 7:36 pm and is filed under Market direction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
