Friday, October 13, 2006

Top, or No Top? That is the question

Having read Brett's latest piece on the markets and the possibility things are not as toppy as they may appear to be (to me included). I took a look back on some of my previous comments when the markets made their bottom this summer, and top during the first half of the year.

I keep an historical record of all of my market comments since April 2004, which can be found by scrolling down to the bottom of the page here. I was looking back on June and July 2006 to see what I had said about the (now) in place bottom and was reasonably satisfied with my stance - although at the end of May I was starting to tout a bottom.

My archive for February, when I turned bearish, was a little premature. But my concerns had worn off a little by early May when the top actually hit. The question I now ask myself is whether I am repeating the same error now?

How about a top in January anyone?