Wednesday, May 13, 2009
We've hit a little bit of a wall here in the rally. I hope/don't think it will last but we will see. If we do continue going down it just provides us with an even better buying opportunity. Everyone has been saying we are due for a correction/pull back blah blah... as if it is some rule that we must follow. There are a lot of stocks out there that are great buys, they might go down some more this week, but through out the summer I think they rise. We can't go up in the market every single day so obviously we were going to hit a few down days, which we have seen the past few days, but I just don't think the downturn will be as severe/long as everyone is predicting. We hit a road bump today with retail numbers, but hopefully tomorrow's more important weekly jobless claims number will be on the positive side.