I personally think we are going to test new bottoms.
However, and this is just my gut, which appears as good as most of the talking heads these days, I do not think it will be too far from what we have seen so far.
S&P at 3000, which has been predicted, I think, is unrealistic. But I do think we will see 3500 to 3600.
I, along with many of us, have had some nice gains recently. Still no regrets that I built up my cash reserves. I am right about where I started selling, so feel pretty good about how it has all turned out. Still waiting for my time to begin a slow re-entry.
In fact, I have debated selling off more. I will not, don't get me wrong. I am very comfortable with my current portfolio. And while I love seeing the markets going north, I think it is only a matter of time before the slide begins anew.
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