Now that's some volatility ladies and gents.
I'm pretty sure the bottom of 11,600 for the Dow and 1275 for the S&P500 is behind us. Volatility like that usually indicates a bottom.
I was predicting a 1325 bottom. Close, but no cigar. Either way, so far everything I bought up Thurs, Fri, Tues and today is up. Currently I have my non-cash holdings in QQQQ, SPY, IWM and just a little GLD.
Should be a fun and interesting rest of the month.
Wednesday, January 23, 2008