Although on an Intermediate Term basis, equities have begun a state of consolidation and decline (perhaps 10%), the weekly chart below shows why long term investors need to remain Ultra Bullish.
Notice that even though most equity indexes are very near their all time highs, the commercial traders (blue line) remain heavy heavy purchasers of stocks.
So when this correction has run its course, all I can say is LOAD UP on quality equities and if you are aggressive, put together a LEAPS portfolio.
Sunday, June 24, 2007
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