Stock Market Trend

Often it is said that “The Trend is Your Friend”, and late in the spring I pulled out of just about all the stocks in my portfolio ahead of the summer.  The news kept getting worse –everything from the mortgage mess to the upswing in oil prices were making for a perfect storm.

Then came the M&A activity and the market took off and when up around 800 points. I just waited.

Now it looks like the wait is well worth it.  The M&A let rally is falling apart, and a downward trend is taking a hold.

I just want it to go down another 5% and I’ll start looking for winners again.  AND what a time it is –Just ahead of my August Stock of the Month announcement.

How timely?

Rich Sage