Tuesday, June 30, 2009

market wrapup

Second quarter wrapups today and we win again. This has been the best quarter for stocks in a decade, so enjoy the 401k gains!

RF is up 254% YTD and is ready for this coming quarter. Great memories this year like the bottom call in financials (found in the first archive) and some other great winners.

Going forward will be tough. If you can't handle losses or short-term thinking, bonds might be a good idea but I think if you hedge your longs through shorts or put protection, you should be fine. I could cash out today and be set for the year, but then again what fun would that be?

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