Time for today's "MARKET RANT". ....Another positive day for the markets... (although for a while this afternoon I thought we were going to see negative territory for the Dow)..You'd think it would be easy with so few TSP options...and all the information available to us...to decide what choice to make each morning to maximize the growth of that nestegg..
Most days it's like picking Door Number 3 on "Let's Make a Deal", when you knew you should have picked Door Number 1, and you would have been right..There's always a Monte Hall out there trying to make you question your good judgement.
So we have the same thing today..The housing news wasn't great but it wasn't that bad either (really more of the same - after all 2011 is just around the corner)..Consumer confidence is up...Bless our American consumer and that feel good feeling we must all be getting by purchasing large quantities from our Japanese, Korean, and Chinese friends at Wal-Mart...This week we're officially talking to the Iranians (no idea where that will lead but it will take at least a year to figure that out)...Oil's down a bit and inflation is slowly perkolating, but not at a pace that cooks the lobster too quickly...and now we've arrived at June without a market correction...and there's still that nasty Greenspan comment lingering..so what will tomorrow bring? But why worry. After all, we're advised that the market is prescient and happy days are on the horizon.
The Bloomberg taling heads give Greenspan's comment a 10% probability, while I'm leaning a bit more towards the 30-40% (somewhat because we haven't had that market correction), but also because: (a) our trade imbalance is making a statisically significant difference in the wealth available to Asia, and while we're a long way from a true balance of wealth among nations...things are starting to equal out, and as they do...expect "ripples" here and there from time to time (b) Greenspan doesn't just open his mouth to cause chaos...he was a public servant for a long time and did an impressive job (c) things just feel too good...
So, I'm 50% G and 50% F for tomorrow...Bottom line: I've been out of sync with this market since February...you can now all safely jump into the C,S, or I tomorrow and make a mint..
FS
