The stock market is rather calm today as very little economic or stock specific news has come out. Of course, news overnight pointed to continued uncertainty and lack of compromise among the member countries of the EU, and consequently because of that are markets are once again in flux. Despite the frustration I have regarding Europe, I am becoming more and more positive on U.S. stocks as they grow increasingly more attractive based on a risk vs. reward analysis. Before the end of the year, and over the next several weeks, I will be rotating my investment holdings into a more aggressively allocation where I will have approximately 75-80% of my accounts invested in U.S. stocks (I currently only have approximately 60% invested in stocks while the rest of the money is in cash or bond investments).
On a specific stock note, I am buying more Etrade (ETFC) today as the stock has become way to cheap not to own (or pick up more shares). At $8.55, the upside gain on Etrade, especially considering I believe the company will be acquired sometime soon, represents a heck of an opportunity to make good money.
Thats about all for now as there is little action and therefore I'm just "sitting on my hands" (aside from buying Etrade).
