Many bring up the crash of 1987 when looking at the current action. If we are headed for such a scenario, remember that the SPX 1987 highs were registered in late August, after a warning salvo 7% correction from April into May. Then the sickening 30% drop all the way into December. I don't like to use past calendars as reference points, but a summer rally, should it occur and I think it will, might be a chance to get out and let the dust settle.
This entry was posted
on Sunday, June 18, 2006 at 9:35 AM.
