Thursday, July 26, 2007

Friday note

So was this a "bottom"? A "blip"? The start of a long slide?

I sure don't know.

I do know I'm STILL not ready to jump in with new money.

If we rally tomorrow, do we buy it or sell it?

I sure don't know, and I'm uncomfortable with macro calls.

But I'm even less comfortable with jumping into a rally here.

~j

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