Wednesday, March 21, 2007
Shhhhh don't tell anyone but SPX back positive for the year as of the time stamp of this post.
It is not crystal clear why the rally off the announcement is so big but I'll be happy if it sticks.
This all circles back to the market has been behaving well even with the little dip we had and why I don't want to make extreme bets to try to guess when a big turn will come even though I do expect a big turn. Small tweaks yes, big bets no.