Friday, June 11, 2010

Ho hum

Stock prices haven't really gone anywhere in the past three weeks.

Sentiment is still pessimistic, but not extremely so. If I had to bet one way or another, I'd say the next move will be at least a small rally, but since long-term fundamentals are as frightening as ever, and since I don't have to make a bet one way or another, I'm staying in cash.

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