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Hi Peter.
I hope France is nice and Marty doing a really good job. Gary Stone said last night he is 100% cash now (about 100pts ago). I am basically only in top 20 stocks and have done well last 2 years (no mining stocks).
I am retired with an SMSF and like dividends but not capital losses.
How far down does Gary (or yourself )think we might go and when would he buy back in? Thanks as usual. I truly appreciate your show and the Switzer Report, as an investor.
A: Thanks for your comments about the TV Show and the great job Marty is doing.
If you read my comments in today’s Switzer Super Report, I am still pretty positive about the market and feel that there may be a little bit of a dip before the market moves higher. I am not betting on it – like you, I am close to fully invested – however I am just not adding more monies into the market at the moment.
If there is a dip, my sense is that it is going to be fairly shallow – if you looked at Lance’s chart that we published on Saturday, I would suggest about 5250.
