Month End Quarter End

Markets at many new highs, a lot of window dressing going on to sell the losers and add to the winners.

Now we wait for earnings and guidance for the balance of the year.

1)Too much pessimism
2)Too much cash... in money markets on the sidelines
3)Expectations maybe too low
4)Forward guidance will be conservative
5)Bonds are over bought
6)The dollar looks very strong

Most managers are under performing the relatively strong equity markets. Look for further chasing into the 4th quarter after a very big September.

Barkly seen here has tried to stay with the super blues and larger cap companies...which are performing the best right now. He is still fishing too.