Online Stock Trading | Panic about inflation continues

Panic about inflation continues


Filed Under Market Commentary |

Investors ran for the hills again today.  More inflation fears spooked everyone on wall street. 
 
If you have been reading this blog you know that I am advocating cash…Today reinforces my belief cash is the place to be.  I hold two stocks, PRFT and HOM…PRFT is being sold at the open tomorrow.  HOM will be sold if it crosses its 200dma I only hold 50% of my original position. 
 
We are in a BEAR market, BEAR market!!!  Stay in cash and keep studying for new emerging leaders. 
 
Tomorrow Consumer prices come out, investors will be watching closely.  We will be sitting in cash and watching investors scramble. 
 
My apologies for a limited commentary tonight…I am quite tired.  There just isn’t much left to say…sit in cash and wait patiently.
 
MktSpec

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