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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (10645)	11/20/2008 10:57:48 AM
From: John Pitera	Read Replies (3) \| Respond to of 33421

AJ. got to agree with that... I am trying to be balanced and retain my gallows humor, but it just looks like a screaming buy for equities in here. I do want to be thankful and gracious enough here that the SPX fell nicely to 776 and change which is my long, long sought after 775 level. I think they are gonna buy it strongly here. There are some big time bargains around in both equities and in debt, you can buy bbb type debt for 1600 basis points over treasuries... those are the types of yield and capital appreciation kickers that are going to let some people retire. watching those huge yield payments and capital appreciation on the debt kick in. For those who are short much of this stuff, at least lock down some profits and consider some of the great companies that are really ON SALE in hear..... it's like the old Henny Youngman joke.... take my wife, please. expand your asset allocation weighting in equities in this time frame. Time to sell some of the treasuries and other short term high quality debt...... take on some risk. John