Since my prior post, the market has swung from being up .5% to now down over 1%...as I've written several times, the stock market is just too volatile right now and cannot be trusted on any given day. With so much uncertainty out there, an investor needs to stay nimble and look to move in and out of the market when possible. If you make a small gain on a stock, take the gain and move the proceeds back into cash out of the markets.
I have little confidence on the direction of the markets day to day. The one thing I do look for is when we get too oversold or too overbought, and with the markets having performed so well over the past 2 weeks, it appears to this observer that it's time to move to a more neutral investment approach. Intraday moves of 1-2% are not healthy (or enjoyable to watch), and they make it difficult to pick up on trends in the markets.
So, I would suggest that if you want volatility and the big swings up and down, you should go to the fair and ride some rides...not to mention eat the food!
