We Told You- we are headed to 7,000

LNR pleaded to readers to understand that the big bounce in the stock market on Monday was due to the government brow beating big fund managers to buy into the market. Now, Tuesday and Wednesday - all you got in return was predicted, profit takers pocketing billions of dollars while pushing the market down to right where we started. Now, its clear we will be bouncing bottom around 7,000 maybe 6,900 on the Dow Jones. Keeping funds in long term utilities, basic technology is the way to go if you're going to remain in the market. Otherwise- it's where the fund managers are going- gold and T-bills.