OWW.. As usual, you tap the key points.. It IS a "buy because we have money" syndrome.. the liquidity in this market apparently is enormous. The reason I was putting money to work big time starting day before yesterday, however, was that "the bad news was already out", and the market never discounts the same news twice. (It's that NEW news ONCE that keep killing ME <g>. Under the impression that the heavy cash inflows will continue through early Jan, and drive stock prices through at least mid-Jan, I'm scrambling to put money to work.
Because I avoided a lot of cratering in small caps, energy, and techs, the capital preservation trick proved reasonably smart (A new experience?). But the downdraft in December that we expected, got turned around early. I'm no even seeing how we members of the MBC will beat the SLC, Sleek Lion Club Slicks. We will come up with something, I'm sure. Nice day in the market ... wish I had had the time to see it... TSO
OLE!! |
