Rokjok777

Why the Dow Is Headed to 6000

These are interesting times. A few quotes echo through my head: "Don't fight the Fed" "Don't fight the tape" "The trend is your friend til the end" "Markets can stay irrational longer than you can stay solvent"
But I think the Fed is running out of bullets. And I think companies are running out of cost-cutting ideas. I think US demographics are changing, and with less household formation and more downsizing it will be many years before housing reaches the old highs. Bank balance sheets are still a joke: most are carrying their commercial loan portfolios at 98 cents on the dollar. In the markets, Goldman is something like 20% of the volume, the big boys are just picking each other's pockets in a giant rigged casino, waiting to play Mr. Retail Investor like a chump.
There are entire DECADES where cash was the best-performing asset class. It's so boring but right now I am 80% cash, 5% gold, 5% commodities, 10% various equity positions, mostly emerging. July earnings season will be key and will confirm (or deny!) the direction.
The whole commercial system is designed to remind us what we don't have, so take time to remember what you do have.