As I've unfortunately expected, the market is starting to show signs that the gains we've seen so far this year might be in danger. While stocks (and mutual funds) have peformed well throughout the 1st quarter, it appears that investors are looking to secure any profits they might have and move to the sidelines until stock prices come down. I've been taking small gains when possible and I'm currently only about 60% invested (depending on a clients investment strategy).
In stock news, Yahoo's Board of Directors released a statement today which said that the company "has been moving aggressively to intensify its focus on delivering shareholder value; remains open to hearing Third Point's ideas." I continue to think that eventually Yahoo will be acquired by either another technology company or a private equity firm.
In light of the fact that the Masters golf tournament in Augusta is this week, I thought I'd end some of my posts this week with a funny golf clip...enjoy
http://www.youtube.com/watch?v=bg8lSyGavc4
