This was an e-mail I received this afternoon from Hornstein Capital, a group I trust. They can be found at http://www.hornsteincapital.com; their address is 53 East 34th street, Suite 207, New York, NY 10016.

In my last missive, I discussed that the market has been in a normal correction that began on June 11. I noted that while there were a few distribution days since... read more

In view of the recent market action, I wanted to share the letter I received from Investor's Business Daily which I felt was a strong message to stay in 100% CASH during tough times as these are.

Dear Investor,

The market outlook is in a correction, and you're probably hearing a lot of bad news with the 500?point drop in the Dow on September 15 ? especially in regard to the... read more

The DOW ($INDU) is crossing support from early July of around 11,450, and is still below the 50 and 200-day moving averages. This is a bearish sign.

NASDAQ ($COMPQ) is between moving averages. It had a faulty head and shoulders top in May-June followed by a steep decline from June-July. My guess is that this is setting up for a nice short position, but NOT YET. It has... read more