Sidelines - November 28, 2011

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[B]“The market sentiment is at a point where the major indexes either crash 10%+ or they rally 5-10% on some unexpected news. Fundamentals play little role here. Obvious levels of support and resistance are irrelevant. Stocks trade on headlines and pure emotions. This is certainly not a time to be aggressive and for many it is wiser to just sit it out on the sidelines.” [/B]Ivan Hoff

The robots are just confirming Ivan Hoff’s advice and have relentlessly kept us on the sidelines for the last 7-8 weeks. Nothing has changed and I won’t comment for the sake of commenting when there’s nothing new to comment!
Billy

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