Monday, January 10, 2011
long term and medium term view
Thus the stock market continues to move higher as there are renewed rotation of money into stocks that corrected or pulled back from most of the 4th quarter. This type of market action should strengthen the long term view that the stock market is still in bull market mode since the March 2009 bottom. The medium term and short term has the market being overbought as the major indexes won't pullback and now there is rotation of money into different sectors to assist the market higher. Due to the high readings on many indicators, asset allocation to stocks from one's portfolio is advised not to exceed 40%.
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