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No Sense of Urgency

I still haven't posted anything substantial this month. I am still trying to get a feel for where the market is heading. Of course, I've been monitoring and reviewing all of the economic data being released by our government on the economy such as Jobless Claims, Consumer Price Index, Housing Starts and so forth, but I still do not have that strong urgency to buy. It could be that I've become more like the herd, only moving when the herd is moving. But everyone knows that you don't make a lot of money having a herd-like mentality. A recent article in the Wall Street Journal about the liquidity of Exchange-traded funds got me a little excited, but that excitement quickly died after reading the article "Risks Lurks for ETF Investors", which was in a nutshell, nothing more than a warning against the purchasing of over-priced Exchanged-traded funds. I guess nothing is wrong with being reminded. My asset allocation models currently stands at 30% to 40% cash on all models.




By Rick Walter
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