This is a 12:39 pm intraday update of Turov on Timing for Tuesday March 4, 2008. Sorry for the delay; I was having internet problems.
The market is getting bashed from the Intel news, the Bernanke comments, the Citicorp comments, to mention just a few of the problems. Actually, it could be worse, considering how negative the comments really are. That, indeed, MAY be an early indication that if the negative news subsides, the market could stage a comeback in a day or two.
As for today, the market could easily go either way from here; there’s really no way of knowing. Continue to stand aside.
Thanks for the opportunity to be of service, and I’ll email you again in a dozen hours or so.
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