Donald; I know she is high and the 30yr yield is up, and should
limit her upside, but I haven't got the sell signal yet.
I went long SPY Friday and I'm just holding it, with some caution.
I'm not into the options on indexes, and haven't had time to find
any on individual stocks that I care for.
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I'm just sort of drifting along waiting on that new SPDR on the
NDX to start trading. I did take a small position in BIG oil,
via ESM , and hit RD for some gains twice.
Trying to wean myself from individual picks, but still drop back to a few from time to time.
It's the time constraints I have that are causing me to want to
simplify what I trade. The SPDRs seem to be for me, others may
have more time , and or money to spread around, but I want more
diversity than I can get playing individuals stocks, also the
commissions and spreads on short term trading of many single issues
is a factor to me.
So general market or sector conditions, are what I have as a
primary focus.
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While I see us over valued , I also see the Mo Mo which don't
seem to care about value, and is hard to fight.
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GreenSpam is pushing HR 10 again today, I think we will wind up
with it. I would vote no to it but that won't stop it.
And if it goes through as I expect it will, then the BIG money
will drive the market up even beyond these values, likely to
levels not many want to believe.
I think the rush to HR 10 is a mistake , but they think we need
it, key on the word "need". That don't say a lot for the market,
and with HR 10, and more deregulation the banks will leverage
even more. All that can take some time to come home and bite
us on the rear, maybe even several years, still there is another
S&L type fiasco in the making, this time with the banks,
but like I said it may be a while.
I'll likey sell my SPY before the close, but that's still pending.
Jim
PS we seem to be wanting to put into effect the same
stuff that messed Japan up. |
