A diary of the thought process behind my investment decisions
I believe the market is in a position to rally but the news flow has not been helping. We had a miss in unemployment claims, European sovereign spreads going the wrong way and lukewarm earnings from most of the large cap tech darlings. There is still time for a rally in the next few days but that window is closing. I view the EU crisis as the biggest obstacle as nothing is being done in response and it is hard to imagine it getting better on its own.