Well, Santa Claus is on his way but I am not so sure there is going to be a “real” rally in the stock market. Of interest is the fact that since Nov. 21st the qqqq is up around 11 percent. I arrived at that figure by going back to the lowest point in the last few weeks and comparing it with the close on friday, December 12th. Not much science there. There would have been no apparent reason to enter the market on the 21st, unless of course you have some indicator that would have signaled a buy. I do not have such an indicator. If you look at my indicator you will notice that we are getting very close to entering the market. This indicator is as of the close this past friday, the 12th. As I write this post, the market closed down for the day, so for at least another day we will remain in cash.
One of my “carved in stone” philosophies is that never rely on someone else to invest your hard earned money. (See my web site at www.low-risk-high-yield-investing.com for my complete investing strategy) Their motives are not always in the best interest of their clients. This past week that philosophy was borne out with the arrest of the former head of the NASDAQ. Please view the above video. If the allegations against him are proven true then the investment world has reached a new low. If you cannot trust a man of his stature, who can you trust? Have I made my point?
