Monday, September 29, 2008

One of the worst days for the market...ever

With the extraordinary selling on Monday, it has become clear that the "normal" methods used to forecast a stock average must temporarily be put on hold until the market begins trading with normal cycles. Subscribers who have followed our advice in September have not only been protected but also had the potential to make an approximately 33% return since September 3 using the QID unit. Picking the bottom with a market being potentially driven by the timing political passage of a bailout bill is not a sound way to invest and picking the bottom here will both be dangerous and tricky. There is the potential with the bailout bill's passage in congress later in the week, along with the September quarter ending (fund managers report their quarterly results), October might begin to mark some kind of bottom. We will be watching closely for signs of a turn but for now remain bearish.

1 comment:

AngusPrittie said...

Hi Ian.
I am getting emails sent to my account from HostingInCanada.com. I believe that they are meant to be for you. If you would like me to forward them just let me know.

Angus Prittie
prittie@gmail.com