Birchtree
Well-known member
Re: Birchtree's account talk
"The stock market, especially in the small to mid capitalization range, has been melting up now for several weeks. The cash on the sidelines, based on money market funds divided by the S&P 500, is now at 54%, down from 66% at its peak. The level is still more than double where it was back in March 2003, when the stock market took off after the statue fell in Baghdad." "All we can tell you is that when a significant portion of the cash on the sidelines gets re-deployed toward stocks, the stock market could conceivably soar 30% or more, just like it did back in 2003. Such a move would put the Dow over 10K."
http://navellier.com/commentary/weekly_marketmail.aspx
http://www.mmacycles.com
"The stock market, especially in the small to mid capitalization range, has been melting up now for several weeks. The cash on the sidelines, based on money market funds divided by the S&P 500, is now at 54%, down from 66% at its peak. The level is still more than double where it was back in March 2003, when the stock market took off after the statue fell in Baghdad." "All we can tell you is that when a significant portion of the cash on the sidelines gets re-deployed toward stocks, the stock market could conceivably soar 30% or more, just like it did back in 2003. Such a move would put the Dow over 10K."
http://navellier.com/commentary/weekly_marketmail.aspx
http://www.mmacycles.com