Just curious, with downtrend seemingly advocated, how does this influence my investing? In other words is it time to go long, or should i sit and wait and then go long? Surely you aren't advocating to be short! After all it could be a greater risk to be short in the current volatile market, particularly with the XJO at around 3800.
Your post doesn't really tell me anything except that the last run from 3200 to 4000 is ending for the time being.
I think that markets are as equally sensitive to positive news as they are to negative news. For example the US payroll data resulted in a selling bout, but with indices being released all the time this will be forgotten just as quickly as it was announced and stats next month could paint a different picture. My advice then is not to continue advocating pessimisic future market underperformance, it is particularly brave to do so.
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