Friday, December 22, 2006

Where is Santa?

Well, the futures are now higher after the last econ report for '06. I haven't understood what has held this market together for quite some time now. I am expecting a major pull back which I think will be a buying opportunity. But the Fed is the wild card for next year. I am not convinced that the Fed is done raising rates. That will rattle the market. So I will sit and hold tight until next year. Dividends are paying out right now, which I like. Hp stock has pushed even higher, that, I really don't understand and I will be unloading some of it next month. Heres hoping that we get a nice rally into Christmas.

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