Currently liking neither stocks nor bonds, I find myself the polar opposite of Mae West as she declared, 'I only like two kinds of men: foreign and domestic’.
W.Buffett
Federal Reserve keeps interest rates below 0.25%. Fed interest rate setting committee announced that the current economic conditions continue to dictate to promote monetary and banking policy, at least until mid-2013.
Fed has considered measures that may also be used to stimulate the economy and declared that QE3 is more and more likely.
The markets fell out into a panic. Almost all our positions in our portfolios are closed. It means we booked our profit and look for new ideas.
This turmoil in the markets does not scare us. The calm and cool mind is guide for us in the market everyday.
“Investing Ideas” portfolio is closed now. We are proud to our results. And we can share our experience with you as well.
DJIA weekly chart:
We don’t wait for a rapid recovery in the stock exchanges. But we believe it will come. We can wait, because we are in cash.