Quote:
Originally Posted by Chocaholic
With the S&P setting new highs and the Dow well north of 26k, we have a possible skirmish with Iran on the radar...over the last few days I’ve been moving some shekels out of stocks and into money market (cash).
Anyone else getting jitters or are things still rosy on the horizon? I think I know what Tabs will say...  |
I side lined some cash last December..but remain largely invested.
I had been fully invested from 96 through 18. Never wavered.
As I said since December the Beast has the jitters over the FED which has created a more volatile atmosphere in Equities.
The FED is allying uncertainty with its dovish comments reinforcing the 2012 paradigm..which is giving the green light for wall street to start grazing again in equities.
War drums in the Gulf...is always a caveat.. War is a risky adventure full of unknown possibilities and uncertainty.
Equities want to push higher..it based around 2800..pushed to a new high..retreated...based again around 2880...and scaled the heights once again...today opening in record territory after the FED comments. Will it close in record territory? Today, tommorow?
If the sp makes a lower high before retreating you may have seen a major topping out? If it makes a higher high the door is open to 3000. I believe the sentiment is to push higher..