Friday, September 23, 2011

Market Bottom??

My gut feeling was telling me the market hit a short-term bottom this morning when futures were down about 2%. I am not ready to start throwing money back into stocks, but I will watch the action closely heading into the weekend to see if I am right.

Keep in mind the rumbling in my gut may be the Mexican food from last night - but typically my gut calls are the most accurate.

Watch support on the S&P 500 at 1101.

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