What’s real

Thursday, June 3rd, 2010

« Spain Jobs jobs and less jobs »

The market rallied 200+ points yesterday a day after shuffling around the 10,000 level.
Where are we headed here??Will the Gulf Oil spill ever be stopped?
Will the Eurocontagion be the impetus for a second leg lower economically and marketwise for the US?
Are we back on deflation watch?
Will the midterm elections provide the type of animosity that paralyzes and lowers markets?There is so much uncertainty out there that sometimes its best to move even more slowly than you might otherwise. Buy 100 shares of a solid idea with the thought of buying more later. Incorporate a bond holding instead of emerging markets fund.
Discretion is the better part of valor and these are times when that is decidely so - the danger of this market moving dramatically higher over the coming 2-3 months is quite small in our minds - we also feel that the danger of a huge downward move is very low too.
Measure twice - cut once!  Be cautious but don’t be paranoid.

« Spain Jobs jobs and less jobs »

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Please note that all data is for general information purposes only and not meant as specific recommendations. The opinions of the authors are not a recommendation to buy or sell the stock, bond market or any security contained therein. Securities contain risks and fluctuations in principal will occur. Research any investment thoroughly prior to committing money or consult with your financial advisor. Please note that Fagan Associates, Inc or related persons buy or sell for itself securities that it also recommends to clients. Consult with your financial advisor prior to making any changes to your portfolio.

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