All of us are happy that 09 11 2007 passed without any significant incident. The markets remain mixed at best with a very limited upside.
Markets
The technical condition of market is mixed with leading stocks as represented by IBD 100 still not making new highs and not any better that larger caps. The current volume is lower than when the sub prime mess hit the markets. Next Tuesday's Fed action would result in market going lower and this is widely expected, so, in a perverse way market may go up.
We will have to wait for some time, may be weeks, before we see a clear direction, i.e. averages trending up.
Recommendations
--Maintain healthy cash positions.
--Hedge positions by purchasing ETF's that correlate negatively with SPY, DIA and QQQQ.
--Purchase/maintain positions in leading stocks like AAPL, RIMM, GRMN and ADRs from BRIC regions.
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