Mr. Fineman,
Now is seems the tide is against the President or haven't you noticed? The President's goal of riding a wave into history (read the linked article) will be great for readers in the future, but is it really the quality people want in a President of the United States? The President has divided the country into a million pieces, each of us pitted against the other, the have's vs. the have not's, the white against any one of color, the rich vs. the poor, ACORN vs. Glen Beck, the senate vs. the house, republicans vs. democrats, media vs. media, and now the insured vs. the uninsured.
Divide and conquer is the mantra, a government entity for every color, religious persuasion, sexual preference, the rich, the poor, financial regulation, health care (one for each malady); do anything to keep the eyes off the real change. The centralization of powers in the Presidency through the use of czars. Soon there will be a media czar to make sure everything is fare and Mr. Fine man will yell about his rights being quieted; but there will be no one to listen!
Back in March ( I think) S&P500 was around 665, suggested might be time to buy some stocks. Were up 300 S&P points and I do not think the rally is over. Do not like why it is going up, but who is to complain. As long as President Obama's agenda is going poorly, the congress remains impudent, and no other great calamity occurs stay with the trend, it is your friend, no matter what you think about the economy or politics. How much? Maybe 1100 or so, I would be taking money off the table if indeed a rally does happen, Things to remember - it is seasonable a week time of the year - you could see a pullback first, only play it if you are nibble. Individual issues will do better than indexes, interest rates should be rising at the same time. The market climbs a wall of worry.
