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Strategies & Market Trends : Natural Resource Stocks

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From: J.B.C.	4/2/2008 1:08:58 PM
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Sorry I haven't been active the last couple days, other issues called. As I made a case last week, overall the general market wants to go higher, In my opinion, shorts will continue to be taken behind the woodshed and shot; lot's of bodies to clean up after yesterday...but more will be joining them as we climb that wall of worry. I did a review of my accounts and realized that I still hadn't pushed enough money back on the table. As of yesterday, I completed the transfer of funds in one IRA account that I play (about 25% of the entire account) from fixed asset allocation to an S&P Index fund. This is money that I usually just flip between fixed income to the indexed fund depending on whether we're in an offensive or defensive stand. Right now the market risk is very low and we're in an offensive posture. BUT, it has been a long long time since I've taken this portion of funds 100% into the S&P Index (March 2003 was the last time). Other accounts that I trade but still had too much cash so I picked 2 ETF's and bought large positions in each. As I find individual equities where I like the entries I'll tap these holdings for funds, but these ETF's can get you into the market quickly. Continued.

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