Nov 09, 2009 - 3:36 AM EST
It should be rather clear to the everyday investor that the market has reached the bear market rally top (I can't imagine the Dow advancing past $10,500). Therefore, the way any investor should approach entering the market should be drastically different from 3,000 points ago. For those who have read my previous articles, you know I'm convinced inflation will only augment the resumption of the commodity bull market for the second leg (and likely decade) of this 15-20 year bull market.
In my opinion the window of opportunity has closed temporarily (at least with regard to high quality equities trading at enormous discounts), altering my strategy at least until a meaningful correction has taken place. The rationale behind a more than likely correction can be found in previous articles
Source: Seeking Alpha (Nov 09, 2009 - 3:36 AM EST)