NEW YORK (CNNMoney) – “Greece will eventually default on its
debts, even if the nation reaches a deal with the private sector to restructure
its debts, according to a panel of experts.”
Full story at…
“So what?” says the market. Perhaps pundits are overstating the
Euro-crisis? I don’t know and at this
point I won’t guess. I have posted a
number of articles that indicate a Greek default is a major calamity, but the
market isn’t treating it that way now.
Time will tell…
It looks like Apple will take over the world because
its stock will soon become so big that it will be the only stock in the S&P
500; S&P has a plan to change the name to the
S&P ONE.
We finally had a down day, but just barely;
the S&P 500 fell about 1-point. As
of yesterday, there had been only 1-down day in the last 2-weeks.
Today
the NTSM switched back to BUY.
I
bought back into the stock market at S&P 500, 1155 on 7 Oct after the 6 Oct
NTSM buy signal. I remain 100% long in
the long term portfolio (100% stocks in the 401k.). (See the page “How to Use
the NTSM System” – the link is on the right side of this page).
I
am 90% long in the trading portfolio.
Just a reminder: 100% invested in stocks is way too much for most rational folks. Don’t do it unless you have a high tolerance for risk.
