Today everyone sold and hold cash and they "think" they "KNEW" that for sure market is going to tank.
Unfortunately no one knows....looking at futures hey it is ugly. I tend to stick to the main game and believe GOLD will be supported with so much cash from FED and ECB and if not next week it has to be another week.....at the end inflation has to kick in, again no one knows.
People lost their nerve and sold out, yep it is a safe way to keep your cash over the weekend.
I like catching the big stocks falling knife, but it is only applicable to me and no one else.
Next week has got nothing to do with this week....a new week and a new game and a new possibility.
Cheers,
NCM Price at posting:
$26.16 Sentiment: ST Buy Disclosure: Held