Wednesday, November 29, 2006

Make Hay While The Sun Is Shining

Posted by Picasa
"Make hay while the sun is shining" is a great old Wall Street expression. That is what is going on right now in the markets. News is ok, trillions of cash on the sidelines and the trend is defined as up and solidly so.. now what happens is everyone who is not on board is forced to jump in and those who are.. add to positions or investments and this keeps going until all are in so to speak. Especially this time of year when every-body's report cards are due in 30 days.. in can make or break a career so market participants press their bets.

Many Chinese companies are at all time highs, many others are close to their all time high experienced ten years ago from their "Asian Contagion" the big meltdown from currencies in 1997 and 1998...most investors have never heard of this event. China's premier companies will lead the world for the next five years as more and more people jump in to this very under owned equity class..."Asia ex Japan."

Barkly seen here has to make hay everyday especially in Minnesota this time of year as we near the winter solstice the sun is out only about eight hours a day now.