Thursday, October 15, 2009

Dow 10,000

The big news in the Market yesterday is that the Dow returned to the land of 5 digits. The surge of recent months has been generally concerning as there have been few buying opportunities. And of course, if the market stays bullish and roars to 12,000, those opportunities will continue to be sparse. So that remains a concern.

However, there was a lot of commentary about the event yesterday and I was quite pleased to hear all the pundits be quite wishy washy on the subject, so hopefully some volatility is still forthcoming. I was especially pleased to hear that the the 10,000 threshold has been crossed about 50 times (on closings) since the original passage in October of 1999. So I take this as a good sign that the roller coaster may continue. I'm less than 20% invested at the moment, so I sure hope so!

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