week one

Closing in on the end of week one of October. I need to get some money put back to work. I have been patiently sitting out with some cash since early last month. There should be a decent pullback right around the corner. I need to start buying on the weakness. iwd has become the best performer that I own, even beating out foreign. That says a lot. Large cap is beginning to get some legs.

Latest mutual fund data shows that people are still pooring money into foreign. By a ratio of about 4 to 1. Many people think this is a bad sign. I think if you have your sites on long term, foreign is going to be the place to have about 40-50% of your money. Has it already ran to far? I don't think so. Foreign countries have a lot of growth ahead. They are just starting and American capital is helping them tremedously. It really is potentially a bad sign for America long term as foreign businesses and foreign capitol grows much faster the the US and becomes at some point a threat to our economy.

Abby Joseph Cohen, the woman who had Enron and Worldcom as her top picks just before they crumbled, is on Cnbc. Haven't seen her in years. I think this is a bad sign. She loves tech. I am surprised by the strength that has continued in tech.