Dow passed its 200 day moving average. Granted it didn't exactly blow by it, but it has passed it. The S&P is flirting with 950 and has been at a high relative to November 2008. Economic news, not completely doom and gloom, but something better. Based on what I have read here at TMF Caps and elsewhere, we should be expecting some kind of serious change, good or bad.
Some say that since we have broken through the 200 day moving average, we should expect a major move higher. Similar thoughts were mentioned for when the S&P hits 950.
So folks that are smarter than I, now what? Is it time to hold on tight for a flight up? Or is it time to jump to the sidelines before the massive plummet that some predict?
I can't say, as I don't have enough experience to be a predictor in these kinds of things, but I can say that the ride up to this point has been rather nice. Further, I have learned a great deal during that ride, and have managed to set myself up to benefit regardless of the direction the market decides to move. While hope is not a good thing to invest on or trade on (and believe me I am not doing either), I do hope that the market continues upward. And I do hope that the global economy finds a foothold to use for its climb out of the hole it is in.