September 22nd, 2009
Readers, my apologies. I’m out of town so I won’t be able to post an update. But from my vantage point, I see the market is still chugging along on its way to 1125-1150, my target for a long while back. From what I hear, the $US declined today (by nearly 1%) and commodity and other stocks closely tied to the dollar rose (GLD up 1.33%, close to making new high) just as I called for in the previous post.
Much to my surprise (and chagrin because I sold many of these stocks after huge run-ups), the financial, auto and truck parts and REITs are still doing very nicely.
I will be back late Friday and hope to add a more complete report. In the meanwhile, hold the fort against the bears and