Awesome Stocks

[gfp927z]

Bigworld, Not liking the looks of this market.

Fwiw, I exited my last 10% allocation, half yesterday and half today. I have a decent gain for the year, so can't complain too much, but looks like the elusive goal of a permanent buy/hold stock allocation will have to wait.

The recession hasn't even officially begun yet, and with geopolitical landmines everywhere, I figure no sense standing in front of an oncoming train, especially when cash/T-bills are paying over 4%.

Normally, having the S+P 500 down over 20% would be a big buying opportunity, but the difference this time is the inability of the Fed to come to the rescue. So no 'Fed Put' this time to bail us out. They are forced to keep things ultra tight unless/until something 'breaks', but then if they back off the inflation soars. So a no win situation. Nothing wrong with having a lot in cash/T-bills, dry powder for picking up bargains later.




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