October 17, 2016
By Peter Bower
Money flows last Friday turned decidedly negative. As a result, we expect more volatility. The pre-election correction has probably started.
We have anticipated much of this and raised cash reserves. We don’t expect a major down-turn, but will keep our eyes on the market internals along with the news flow; we will see. We also want to see where strength and new leadership emerges.
We intend to take advantage of this volatility and uncertainty, not to be a victim of it. Wish us well and stay steady, my friends.
The Lonely Bull