5/11/11

Market update

I read that Goldman is buying bonds. Just a few billions. Rogers and Gross are selling.

Today the market is weak, commodities are sinking, and LQD is strong.

Bottom line. It looks like that if you expect a market decline of any significance the place to be is high-grade bonds such as LQD.

Goldman may be the winner. Time will tell.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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