So, I'm in long, but today's response to the war news (first up big, then back to neutral) makes it look like the market has completely discounted all the war events and outcomes.
Good news is:
S&P is at 882, up from 800, or 10%.
DOW is at $29, up from $25, or 16%.
Oil is down $10-12/bbl from the high.
And it is old news.
Bad news is:
Economy is in the dumper.
Jobs are tight.
Rates can't go lower.
Oil is unlikely to go lower.
This may be as good as it gets, near term. Sit on the holdings or take profits?
Your thoughts?
tnr