Proceed With Caution

I watched the first Orioles spring training game last night with high hopes and low expectations. I don't watch many spring training games, but it was nice to have baseball on TV again. While I watched the comedy of errors disguised as baseball unfold, I made the usual round of calls and emails to associates, traders, rogues and roustabouts to get their views on the world. One of my most valuable tools is a great rolodex of people who are smart and don't necessarily think the same way I do. Seeking out other approaches and points of view helps me test my own conclusions and find overlooked opportunities.

Once again, my more technically and statistically oriented friends are beating the bear drums. They use different approaches, indicators and systems, but universally they think there may be bumpy travel ahead. The strong consensus sent me to my chart books to check the few indicators I use to determine risk levels in the stock market to see if there was something that might challenge my do-nothing stance of the past few months....492 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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