Search Engine Submission - AddMe
In the past week, there has been a dizzying array of "experts" on CNBC calling this the start of a bull market, calling it a "Bear bounce" in a downward trend and everything in between.
It only goes to show that "no one" can time the market, and that includes the so called experts.
However, being somewhat of a pragmatist, IE: 37% gains in two months, wars in Iraq, Afghanistan, Sri Lanka etc, Pirates off the coast of Africa, a Flu Pandemic maybe only one or two mutations away (fall 2009) coupled with some old market staples such as "sell in May and go away", I have taken some off the table, and shored up the rest (I hope).
After all, I don't have to actually experience a house fire, to buy some basic insurance. I just hope everything doesn't burn. (sorry, pessimistic this week and nervous about my portfolio).
Then again, 35+% gains ain't bad for two years, let alone two months.
What do you think?