A big move market is likely in the cards. Two noted market personalities are saying to raise cash.
Jim Cramer headlines his morning comment as:
Ralph Acampora – a noted market technical analyst was highlighted with:
Be careful out there but also keep in mind that big moves are rarely pre-announced. What everyone knows as in Cramer’s seven reasons could already be priced in the market. The Big Market Move could go either direction. If too many people get leaning too far in one direction make book that the move will go the other way. I am not sure we have a lot on bears or a lot of bulls leaning either way. I know many of you are still sitting on a lot of cash – sounds more neutral to me BUT be prepared to act / react to developing trends.