Profunds index and sector trading

[robertagra]

Thanks for the welcome.

Yes, we have cheap money and a profit recovery.

But, that's a recovery off a breathtaking business and market collapse in 2001/2002. We are somewhat early in the recovery of both markets and profits similar (at least conceptually) to recoveries from the oil crunch in 1974, inflation and taxes through 1982, or the trading gasp in 1987.

I also see the future through a fog after q3. And, through q3 I plan my work for a trading range market. There will probably be some opportunities in the fall.

Although I hope all our unemployed and marginally employed citizens find good jobs, it’s the +- 95% of the population who have jobs and are shopping at Lowe’s or Pottery Barn that interest me.

A secular bear? I'm not sure.