Thursday, October 30, 2008

O.K. - It's a breakout.

The S&P 500 has officially broken above the declining tops line.

If this "rally" gets momentum behind it, then I will wait for it to top out and invest in the Leuthold Grizzly Fund (GRZZX) to make money on the next slump. I know some of you have already opened bull market positions to make money now, and I wish you luck.

1 comment:

Anonymous said...

Jody,
I agree with you - I am being patient and playing the waiting game. When this rally fizzles - I will start scaling into the GRZZX Fund. My only concern: if this market starts melting down quickly - we may see the "short-selling ban" rear its head again. Not sure how that would affect GRZZX.

Thank you for your help and guidance.

Ken