Stocks look destined to dip lower at the open today, perhaps in memory of the catastrophic events on this date seven years ago. Worry, worry, worry in the equity markets! The daily charts (not shown) appear to be on the verge of a breakout to the downside. Some equity sectors already have! And I thought that after the Fannie/Freddie rescue, the market was supposed to turn higher.Hadn't we hit bottom? Apparently not! I say this to underscore the absurdity of those who constantly declare that we've hit bottom. Lose your opinion, not your money! Predicting the future is for prophets, not profits! Those who try, lose the latter.
