imported post
I'm maxing out my current cautious level and going down to 60% stocks. Beginning tomorrow I will be 40% G, 40% C and 20% S.
The market has been up about 8 of the past 9 days. Yesterday's oil news may have been the exhaustion rally (the last of the bears became bulls) I had been talking about. We have been due for a short term pullback andwe are now seeing signs that it may be starting.
Friday the new jobs report will be out and from what I have been reading, there is some potential for some blow out numbers (lots of jobs)with possible major revisions to prior reports. This could trigger more short term interest rate fears.
What does this mean for the market? My guess is interest rate sensitive small caps may be affected most. The dollar may rise because of additional signs of a strengthening U.S. economy, which could affect the I fund adversely.
These are all guesses, and this is just how I am playing it. This is a short term move and it could all change in a day or so.
I'm maxing out my current cautious level and going down to 60% stocks. Beginning tomorrow I will be 40% G, 40% C and 20% S.
The market has been up about 8 of the past 9 days. Yesterday's oil news may have been the exhaustion rally (the last of the bears became bulls) I had been talking about. We have been due for a short term pullback andwe are now seeing signs that it may be starting.
Friday the new jobs report will be out and from what I have been reading, there is some potential for some blow out numbers (lots of jobs)with possible major revisions to prior reports. This could trigger more short term interest rate fears.
What does this mean for the market? My guess is interest rate sensitive small caps may be affected most. The dollar may rise because of additional signs of a strengthening U.S. economy, which could affect the I fund adversely.
These are all guesses, and this is just how I am playing it. This is a short term move and it could all change in a day or so.
