Wednesday, April 1, 2009

Up, down and all Around

With end of month, end of quarter, mark to market, G20 summit, auto gyrations and a number of other events, the market has been jumping all over the place.

We ended March on a good note with an up month for the first time since August. Where to from here? I dunno.

My call the other day is still in play. We never made it up to 835 range, and we dropped to the 780's, but haven't hit either end of my spectrum. I'm sitting on the sidelines until something is definitive. I want some certainty before I get back in. If there's another leg down, fine, get to it already.

If we're heading up, fine, let's go.

Q1 earnings will be coming out soon and they won't be pretty. But has that been priced in already? We'll have to see how the market reacts. If there's bad news and we move up, we're ready to rally.

Wake me up when things start happening one way or the other.

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