This is a 10:50 interim update of Turov on Timing for Thursday, February 7, 2008.
At times, an individual person will have a sense of control over his life. He has plans, he’s on target, he has a sense of destiny. Problems that stand in his way are mere challenges, not blockades. The stock market is the amalgamation of the emotions of millions of persons. Sometimes it has a clear-cut internal direction – it’s on the move up.
On the other hand, at times, a person will have a sense of dread in his life. He has problems, he’s spiraling down, he has a sense of futility. Problems seem insurmountable. As I said, the market is the amalgamation of the emotions of millions of persons. Sometimes it has a clear-cut internal direction – it’s going down.
And sometimes one’s life is just so-so. Get up in the morning, go to work, go home, eat, watch TV, go to sleep. If something good happens to you, it’s a good day; if something bad happens, it’s a bad day. There’s no internal direction. The market equivalent is a market that has no internal bullish or bearish direction; it’s news driven. If the news is good, it goes up. If the news is bad, it goes down. Such a market is what we see currently. The Cisco news was bad; the market goes down. The pending home sales data was good; the market switches direction and goes up. Currently, we’re in a news driven market, one without clear-cut inner direction. Predicting such markets is about as fruitful as predicting a random coin flip. Advice? Stay out until this market phase is over.
Thanks for the opportunity to be of service, and I’ll email you again six hours before the start of tomorrow’s session.
Turov on Timing is Copyright © 2008 by Turov Investment Group Inc. All rights reserved. Turov on Timing is for personal use only. All caveats and advisories that appear in the monthly Turov on Timing apply equally to this email. Re-publication and distribution is strictly prohibited. No part may be reproduced without the permission of the Turov Investment Group Inc.