Tuesday, July 20, 2010

Doom and Gloom: Out come the coolers!

The market is drifting lower and the bears ore coming out of the woodwork. The earnings have been solid. The belief is that earnings will go down in the coming quarters. I admit the news from the media is very frightening. This is to be expected. Our experience tells us that the news gets worse just before a turn around. We continue to look for buys. Our "Cooler Indicator" is at an all-time high.