Thump's Place FL

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Posts : 1538
Join date : 2008-05-16

PostSubject: stock market   Fri Feb 25, 2011 7:38 am

Been holding some cash on the sideline in my 401k waiting for the pullback. Put it to work right before close yesterday. Ready for the next leg up.
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Posts : 2721
Join date : 2008-05-13
Location : Central Florida

PostSubject: Re: stock market   Fri Feb 25, 2011 8:00 am

"Don't be afraid of cash when things are too high" is what I've said for a long
time but I'm rethinking it as I watch the cash get worth less and less as the
dollar falls. We're holding too much cash right now.

Nice little pullback here, I'm looking myself. I'm looking for some more
good buys to pick up now myself, especially since I think the oil related
stocks are over priced and I may cut back. The Egypt thing hasn't destroyed any
infrastructure so the oil should start flowing again soon. It seems very
unlikely that whoever takes power would want to quit selling oil.

I do expect lower prices before the year's over though, probability - high.
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