Today I've added to the following stock positions:
CSX Railroad
Chimera Investment Corp
Ford
I've also initiated a mutual fund investment position in the Mathews Asian Growth and Income Fund (MACSX). China's economy is stable (as is ours) and I expect that economic growth will pick up over the coming quarters. I haven't purchased any U.S. mutual funds yet but I plan on doing so over the next week.
In good geopolitical news, Israel and the Gaza militants have reached a seize fire agreement brokered by Egypt and depending on how the talks go we could see some sort of peaceful resolution. The other issue that we are dealing with is how our politicians are going to handle the fiscal debt problems facing our country. The markets were up big yesterday on hopes that both the Democrats and Republicans will come together and work to address the problem.
The markets are taking a breather today, down slightly, but I view it only as a consolidation event (a pause that hopefully refreshes). I'm uncertain as to how stocks will trade for the remainder of the week as investors look forward to getting fat off of turkey and dressing rather than trading stocks (God knows I'm looking forward to it - I'm debating on fasting over the next day and a half prior to thursday!).
