Based on the markets recent action, I'm beginning to think the recession may not be as bad as some expect and, in fact, could be close to over. There is $3.7 in money market funds right now looking for a home. I have to admit that I am still very bearish, but you can't ingnore what's happened lately with this rally. I thought we would at least test the 11,100-11,300 area in the DOW before it was over. Gold near 900 Oil over $100 Biggest financial crisis is a century Biggest rise in unemply claims in 2 years........... And we are headed higher...........go figure
Bull run is in guys, don't fight the market. We are passing off the current crisis and looking toward the future. With rates near 2% the future looks bright.
remember the mm funds have been this hi for years, give or take a few hundred billion. so don't count on that $$. i will stay short. bgp
I agree with "don't fight the market" statement, but what do you call a market in which every consecutive high is lower than the previous high?
Mr. Market could not be more reasonable here. He's literally screaming at you to book whatever profits you have, take whatever minimal losses you may have recorded, and unless you're in a highly specialized position that is completely independent from the U.S. economy, GET THE HELL OUT. Mr. Market is probably not going to give you many, if any, more such breaks. Mr. Market usually acts with much more swiftness and determination. He's feeling very benevolent, apparently. I wouldn't take his generosity for granted.
Going to be interesting to see how the job numbers play out today. It seem as though the market is pricing in a lot of negative news, i wonder for how long.