Time to Buy?
The short answer is yes. We have clarity. We have a clear direction in policy. We know what The Fed will be doing. We know Europe is still messed up but subtract Greece and it's not looking half as bad as it was in May. We know a lot of things we didn't know one month ago. The time to focus on what we do not know is over. The time to focus on what needs to be done collectively is here. I believe that for the first time in four years the political climate will allow that to happen. We actually might come to a consensus on how to govern our economic situation. If that happens then it's off to the races. That's why I'm beginnig, for the first time in months, to add new positions to my real life portfolio. These are all short term buys with a window of one year or less. I know at this point it's still highly speculative. However, I'm seeing bargains in this market that I simply cannont pass which is providing me with a bit of confidence. When you're able to buy companies at or below book value, with dividends, good growth rates, and pratically zero debt then you're foolish not to pull the trigger. That's exactly what I'm doing here. Loading up on quality (solid blue chips) first. Next will come the real specualtion (materials, cyclical, transportation, capital goods, etc.) once the market starts confirming my thesis. Once again, these are just my thoughts and I'm not always right so please understand this is only my opinion. Never ever base your investment decisions on just one persons opinion.