Back from a great holiday in Ocracoke, North Carolina.
Correction? We don’t need no stink’n correction. This is a freight train. Get out of the way.
When I suggested on Friday that we were over-bought and that it would not surprise me to see some sort of a pull back…………well, I could not have been more wrong. I didn’t sell anything, for which I am grateful, but I sure was holding my breath.
That’s how bear and bull markets operate. They always over shoot. As I type the Asian markets are screaming; they are taking their cue from Cisco traders. Cisco’s earnings, out after the close, appeared to be so-so but their commentary was stellar. Let’s see if the opening mirrors that news and if we can get yet another amazing close.
Up early tomorrow as I attempt to get back into the groove.