I don't think this rally has any more sustainability than any of the rallies we've seen over the last six months. |
I think there are discreet buying opportunities but this is a market that keeps lurching back and forth, looking for a reason for optimism. What has to happen is working off of inventories and consumer confidence has to be good and sustainable for a good reason. |
If we are going to test new lows, this is probably as good a time as any to get out. I think there is an enormous amount of caution impairing the economy. |