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.
Earnings season is over
October 29th, 2009 at 02:09 pm
October 29th, 2009 at 02:50 pm 1256827834
October 29th, 2009 at 03:13 pm 1256829214