Let it Snow

Maybe the white snow can cover some of the stains of the imminently bipartisan politicans that inhabit Washington. Send some to Albany too.

Markets are like horse races and favorite recipes. Everybody has an opinion and can justify their position. Many times it seems one person is right (Monday) and then just as quickly that person seems wrong (Tuesday). You can flip those around to suit your persons. This market seems caught in a schizophrenic display of showing how important Greece and Portugal are to the world’s economy. For some clarification - 10 million people live in Greece making it 1/30th or so the size of the US. Its two main industries are shipping and tourism. Portugal also has a population of roughly 10 million people but a per capita GDP that it is the lowest in the EU.
We make these points to show that in the grand scheme of economies both countries are rather small HOWEVER we believe this goes to show investors that this is a market (both stock and bond) that is jittery and ripe for some type of pullback.
Read our 2010 outlook for a better way how to invest this year- we don’t believe investors should be frequent traders NOR should they adopt an all-in or all-out philosophy.

This entry was posted on Wednesday, February 10th, 2010 at 9:24 am and is filed under Commentary. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.