Journal Journal: Stock Market Weakness
Today (May 30th), the DJIA dropped a total of 184 points (almost 2%). That wiped out the gains that were made over the previous three days. I think that we are definitely out of the bull market from 2005 and early 2006. I also believe that, at best, we are in a trading range. But, I'm beginning to think we are heading towards a bear market. I'm mostly out of stocks (and have been so for about three weeks). I am now waiting for bear to be reached.