The Wall Street Journal reports the a record amount of cash is being pulled out of Index Mutual Funds and ETF’s, as well as individual stocks. Yet the rally continues. What is driving this? Corporate Stock Buybacks. That is fine, but that well is not bottomless. See this week’s video technical analysis of the Index charts and what to watch for in the upcoming week.
What do you think? “Time to bail” or “Ride it to new highs?” Be sure to respond and let me know. Dean