Havent posted since March 19th which coincedentally nearly aligns with the March lows and the subsequent 3-month bear market rally that followed, a rally that is retreating with each passing day...Apparently Easter weekend was the cure all for banking sector's woes...Earnings season will bring volatility back to the market place as the economic deterioration further materializes into company balance sheets...Is the bottom in? I believe so because I dont think that the market would give that many investors who have been on the sidelines since March the second chance of a lifetime. Economic indicators are improving but expectations for this recovery are still very elevated.
I have been thinking about purchasing on a longer term basis. I would love to initiate positions in companies with growing ties to China but not within the grasp of the Shangai Stock Exchange.. Ideas include Brazilian Petrobras (PBR $35.79), YUM! Brands ~$34, as well as in the Ag space via DBA or MOS ... I will begin to purchase these companies intermittenly if the major indexes and commodities continue to pull back..
Focus on: Bellwethers Fed Ex & Cisco Systems, as well as bank writeoffs in each banking division
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