Half way through the trading day and the markets are up about 2.4%...as I've been saying, I think now is the time to be buying U.S. stocks and mutual funds as I see a large reallocation of money moving from fixed income (bonds) and foreign stocks back into U.S. equities. As I've said over the past several months, it's not been a "buy and hold" market, but more of an opportunistic short term market where an investor should buy and sell stocks in a rather short time frame. However, based on the positive developments I've written about over the past several days (look back to some of my previous posts), I think now is the right time to start moving money into U.S. stocks and mutual funds. I certainly am not advising anyone to do that all at once, but little by little. I would wait for a down day, and on that day I would pick up some stock or some mutual funds. The reason for the big up day? Guess...Europe. There seems to be some good progress coming out of the European Union on how to deal with the Italy debt and financial crisis; and one can only hope that this "progress" continues (although I'm not holding my breath).
As I've mentioned over and over, now is the time to start buying U.S. stocks. If the markets can hold on to their gains going into the close, then that'll make the weekend all the more better!
