as I wrongly did not commit any new money to the market after March 9th. The higher the market goes now, though, the greater the regret AND the greater the risk of jumping in.
We have not solved either the foreclosure or job loss problems in our country.
Further, a LOT more "traders" have access to shorting mechanisms through the short ETFs and especially those with 2x and 3x leverage. This MAY be making the market into more of a casino atmosphere than ever before.
Yes, we are having a bull rally. I do not look for it to zoom up as fast on the next 25% as the last 25% we have just seen.
One bright spot is Obama and the Dems. As soon as we're over being "afraid" of tax & spend liberals, history says that markets do pretty well with them.
Kirk Shinkle is a senior editor at U.S. News. He writes daily about ups and downs in equity markets, sectors and stocks. Formerly, he covered business and economics on both coasts for Investor's Business Daily.
Muser of NM @ Apr 30, 2009 11:14:16 AM
Back to blog