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Pretty Stinky......Let us watch after 3:20pm, 4.3.12
Unless there is some change during the last 30 minutes of trading today; our house doesn't expect to find any mix we have end with a positive. FOMC minutes report was not welcomed by either the equity or bond kids. I found one report and will get some time to post a link. Others may add what they find, if you so choose.
The S&P 400 Mid-Cap Index was up today. I have always recommended the 400 over the S&P 500 long-term. I have about 25% of my capital appreciation portfolio in IJH. Regards, Ted http://www.bloomberg.com/quote/MID:IND
My PFE was down with the Dow. Bonds up: MAINX and PREMX. For the day, I was DOWN -0.29%. Can't say I'm full of panic. It's just one day. And when the "bottom fell out" this afternoon, it only confirmed what I've become convinced of: Mr. Market is behaving like a whipsaw, depending on particular, discreet events, such as the FOMC meeting. This Market is NOT behaving according to anything that you might call "fundamentals."
I will very soon be starting a position in DODIX and MSCFX. I NEED a more tame, conservative bond position like DODIX. The other is a small-cap. I held PRSVX for a long time but it just got stale to me. The statistics for that fund do look good indeed, however---particularly since we're beyond the horrors of '08. And since my 403b is done and rolled-over into a Trad. IRA, I'm not "married" to TRP the way I used to be.
Comments
Regards,
Ted
http://www.bloomberg.com/quote/MID:IND