I'm just not convinced. Something doesn't feel right. There are a couple of the guru's that I follow that haven't given up on primary wave 1 being done. The rally we saw that took the S&P from 666 to 800 was impressive, 20%, but it just didn't have the feel of a rally that had any oomph to it.
I do know that the big boys weren't jumping in and that's a big issue. If the institutional buyers aren't biting, then it was just a relief rally.
I'm at a personal crossroads. We've come down from 800 to 765 (as I'm typing this). I had posted before that I was looking for this pullback and would move all of my retirement back in at 750. So, do I do it? Do I pull the trigger? Do I maybe just put 50% in and then if we drop back to 700 or lower I can put the rest in?
I hate that I missed out on a chunk of this recent rally but I don't want to make a mistake by not taking advantage of this pull back.
A big chunk of the recent rally was from gov't shenanigans (buying of treasuries).
I have 90 minutes to decide what to do... Hmmmmm
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Alright, I split the difference... I just placed the order to put 1/3 of my overall retirement back in at the end of the day today. If we continue down I'll do another 1/3 and then the final 1/3. If we head back up and it feels for real I'll do the same thing on the way up.
Totally on the fence as to where we are in the grand scheme.
Morning Post 10/03/2025 SPX
7 hours ago
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