Thursday, February 17, 2011

Long Term - Market Looks Fantastic

SGS is Long (as of close of 12/1/2010)
RTS 20110103 Long Portfolio

Believe it or not, as of close of today RUT is only 2.7% (22.46 points) away from its historical high (856.48 on 7/13/2007).  RUT reaching and exceeding its all time high would be extremely bullish and the likelihood of this bull market that started on March 6, 2009 continuing for another 2 to 3 years would be very high.  Of course there would be bull market corrections along the way, but this is one market you would not want  to short in the intermediate or long term basis.

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.