Unbeknownst to him - a lifelong pal from grade school has proven his uncanny ability to yet again be an accurate and timely stock market indicator:

On exactly February 17th, 2011 I pulled some sizeable, very short term healthy gains I made in the stock market off the table to use as construction funding of my home. I had been expecting a sizeable downside correction in taking place, so I thought I'd scoop-up some quickly earned, profit money.

On exactly February 18th, 2011 my pal mentioned to me that he dumped all his savings (less than $100K) BACK into the equity stock market, with his goofy, front end load, financial advisor guy he's been with for two decades. February 18th was the top of the most recent run up in the stock market, that began July 6th 2010, or so.

What makes July 6th 2010 noteworthy in this report, is, that was the exact time my pal reported that he GOT 100% OUT of the stock market. For it was July 6th, the market was at it's previous LOW.

Perhaps this is the health-restoring correction the market has needed, now long past due?
I quit trying to give him any investing advice long ago. This time will be no different.

__________________
TC
Current stable:
- 2004 Mazda RALLYWANKEL
- 2007 Saturn sky redline
- 2004 Explorer...under surgery.

Past: 135i, GTI, 300E, 300SD, 300SD, Stealth

Hindsight is, well, 20/20.