Friday, March 11, 2005


The markets continue to flip and flop. Just as I write about the turn, the market turns again. Almost all the international funds are up today while energy and gold are about all that is up in the US; unless you look at the interest rate side of bonds. Bonds are getting taken to the wood shed again today. The move to the expansion phase is still in force.

I have repeated Papa John's line many times but it fits this situation. Papa John served in the navy for 6 years. One of his many pearls of wisdom was that, "It takes a long-time to turn a battle ship around".

The market for stocks is turning and the public is piling into international mutual funds. If you go with the crowd, you will eventually be caught when the bubble breaks. Buy the big US stocks. If you would like a free portfolio review by an experienced amateur, let me know.