Monday, November 12, 2007

The Swamie Says "Oops"

I knew I was jinxing myself last week when I suggested I might have nailed another short-term bottom in the stock market.

The Standard & Poors 500 (SPY) was 154 then, off my called bottom of 150. Now the popular stock index is 145, and last week's action on SPY's chart looks like the cliffs of Dover.

I'm not ready to give up on my prediction of a new high by Thanksgiving, nor am I ready to say the Little Guy was/is right. He's never right.

But someone may be writing that on The Swamie's tombstone.

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