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Earnings season is over

October 29th, 2009 at 07:09 am

Well, for me and my stock positions anyway. The GDP quarterly report just came out, and it's beaming with happy news.

The bulls claim that this is the first sign of a fundamental economic recovery. A real green shoot. The bears, however, believe that this Indian summer is the result of the government stimulus program.

Alas, I am in the bearish camp.

I've been slowly taking some off the table throughout this warming, but now, I am completely out. But I can't complain since I'm also sitting on a pile of money, even if it's a small one.

I'm not sure what to do next. I'm over-due for a rebalancing anyways, so I'll definitely work on that. Beyond that, I'm going to wait and see what the market does next, after the earnings season and the stimulus programs.

2 Responses to “Earnings season is over”

  1. gamecock43 Says:

    I was thinking I should not have put 30% of my stocks into bonds because the market has stayed so steady. But hindsight is always 20/20 and its better to be safe than sorry.

  2. Broken Arrow Says:

    I think you did the right thing. In fact, perhaps the % bond in your portfolio should be higher than that. And yes, only hindsight is 20/20.

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