Market has a buy-the-dips rally. I am not impressed by either the bull or bear case. Monthly seasonality points to a dip next week. Let me again, disclaim that seasonal patterns are near the bottom of the barrel. Earnings, interest rates, technicals, assets, all rate ahead of seasonal patterns.
Ben Stein interview discussed on Random Rogers blog (link). Roger goes on about how living below ones means a person can withstand almost any financial storm.
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the point that he [Stein] made was that "liquid assets equals freedom." He used that phrase several times and then went on to talk about the importance of saving. He quoted his father as saying liquid assets equals security and living beneath your means equals freedom.
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