Today marks the second anniversary of my mother’s passing. It’s true that time has brought some healing. Still, not a day has passed without me thinking of my parents.
Not too much commentary on the markets. $FEED and $ONP have been a disappointment. I’d say raise some cash where possible. Don’t buy short ETFs; instead buy gold via $GLD.
This post was done via WordPress for Android phones. =)
Last Friday’s job report showed an addition of approximately 162,000 jobs and was generally well received by economists. The double dip recession that some economists have been predicting seems even less likely now. Previously I had posted on why you should not attempt to short this market despite the 70%+ rebound in the Dow Jones index since March 2009 and the high P/E ratio of the S&P 500 index relative to historical averages. It’s difficult to predict how much more equities may run up in the following months though one trend to watch for is whether or not signs of stagflation are appearing.
Image from http://www.trumarkets.com.au
Apologies for a cursory blog. I’ve been very busy with work this week. Lots of market moving news coming in the following days.
