S&P starts with an 8

839.80

S&P touched 839 today, time to cash in the second pizza. Time to go long the market? I doubt… It’s better and safer to let the dust clear, even if this means potentially missing a 20% or plus upside. The situation is so dire, that you don’t really know what’s next. Also, from an economic standpoint, the worst is still to come. We might see lower levels in the months to come. 750 (about the bottom in 2002) is not impossible, if you consider that the current situation is much worse than it was in 2002.