Thursday, August 03, 2006

THE LANDING PAD

http://www.contraryinvestor.com/mo.htm MORE ON HOUSING, MUST READ.

I have done my research, and the market consistantly bottoms in OCT, 2003 it was AUG because of end of bear. AUG-OCT historically have been the WORST times to be IN the market.

LOTS of EMPHASIS is being placed on FRI employment report (a STRONG report will roil markets IMHO) as being THE data point the FED will make their decision on rates next week.

MANY are calling for the end of rate hikes then, and that it will PROPEL mkt into stratosphere.

I think we go sideways until that day 2:15 you know what they know. The report tomorrow could set the tone, tune in 8:30 AM briefing.com

D

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