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Re: Did the djia put in a short term bottom today or will we have panic selling next week? Limoman  06-28-2008, 3:51 PM | Post #2533612
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Not so sure..

1. 4th July Short Week

2. Starts off  Long vacations for Most . 3-6 wks that make most of the Decisions

3. Most have already positiioned themselves by Now for the next 3-6 wks

4. Ready to come back come mid August.. after spending the Summer at the Lake house..

In my Resort town?( 60 mi. N. of Chicago)  We're having the Biggest year In past 10 yrs! Hotels Booked Up for rest of Season, All the Summer Home owners are Here in Droves with Extra Family members, Resturants are Packed. The Middle, Upper and Wealthy Class are doing well again..

Wonder How the Hamptons are Doing?

 I won't get worried until I see a 56% drop in my Bal. Funds.. will be back to square one/cost basis since 2000

 Fingers Crossed Things won't get too bad..before we see daylight again..

 

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