I update my Market Timing Model daily and the only conclusion I can draw from it is that the markets remain nuts. My proprietary volatility indicator remains near its all time high and fluctuates between a reading of 1.9 and 2.1 (its all time high was 2.2) on a daily basis. Bill from Vix and More hit the nail right on the head when he wonders if the markets are at a cross road. No one really knows if we are truly in a bear market or if we remain in a bull market.
What I do know is that most of money still remains in cash and bonds, about 50% now, and I’m looking to put more of it back to work. The trick is figuring out when to put it work, will I be buying into the next massive sell off or will it be on dips in a sustained rally?
I’ll be emailing my members a snapshot of my Market Timing Model this weekend, sign up here if you want to get it.
There’s some chattering about the recent middle east internet disruption and petro-dollar decoupling, http://mybroadband.co.za/vb/showthread.php?p=1490285
What do you think?
Hmm, interesting ideas but I dismiss that as purely conspiracy and crazy talk.
You could say they’re embellishing the truth but this petrodollar thing isn’t new, I first saw it in an article written in 2003 from Current Concerns,
http://www.currentconcerns.ch/archive/2003/04/20030409.php