As a service to wealthy lawyers everywhere, I offer the following weekly update on the health of the stock market, as summarized from several sources that I purchased myself at great expense.
- The market is in a confirmed rally, but the leadership has yet to show itself. (Investor’s Business Daily.)
- Although the present situation is “worrisome and risky” due to the uncertain election outcome and threat of terrorism, we could be near a market low, which are "made during times of despair.” (The Value Line Investment Survey.)
- It’s not easy to do, but prudent investors should stay on the sidelines by remaining in cash. (Mark Boucher of TradingMarkets.com.)
My stock tips for the week: First, short the QQQs and go long on gold. Second, stay away from Microsoft. And third, do not invest based solely on my advice. In fact, maybe you shouldn’t invest at all.
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