Took advantage of some strong market days to raise a great deal of cash. Always love that position. I'm torn as to where the market goes next. If it continues to rally, I'll make money, just not as much. And, if it retreats, I'll lose money, just not as much. But, I will be able to employ all that cash in better opportunities.
The unemployment rate released Friday, was an obvious erroneous measurement. I see from many sources, that the report could not have been manipulated by the Administration for political purposes. I guess I'll have to accept that. But it is one heck of a coincidence that a report with an error of this magnitude, comes out a month before the election, and boosts the re-election chances of the administration.
I still lean towards a weaker market next week, as the market digests the employment numbers and reflects on what a 2nd term for Obama means. The bullish case, is stil, alternatives don't look good either. Interest rate remain at zero, global economies are largely weak as well.
