Hi Michael, On Cash, Got lots :o) Most of my (not insignificant for me) energy trust trading position went out the door this week. http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19031719 http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19031891 What's missing form my reply post there is: 1) with a US economy treading water lots of good happy news can be spun. 2) good happy news makes the stock market trend up 3) it's easier (IMHO) to fix the stock market temporarily than the economy at any time 4) in fact I don't think they can meaningfully fix the US economy because the heard realities (negative side of globalisation etc..) won't be faced now 5) people want and need the market to go up (especially the big boomer demographic). a lot are scared that I know and the younger ones just ahead of the boomers.. 6) this won't happen in deflationary environment so yeah they'll at least tread water. 7) I still like gold, but not for the 'end times' :o) 8) Oh yeah and a happy market is good for the prez....
Yes I think we could get a real nice up trend here. If for no other reason the bear needs a vacation and of course my number 5. No sense in wearing a bear suit if everyone wants to party like it's 1999...