My 1st Million At 33 – yes, you can do it too

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  • QE3 rally

    Posted by Frugal on September 11th, 2012

    Markets are already expecting a QE3 for tomorrow, and I believe that Bernanke will deliver, sending S&P 500 to new high. Despite that markets are overbought, with $VIX index at a very low level, I think we will get the QE3 nevertheless.

    All the people who are expecting Euro problem to continue are probably right, but being right doesn’t make you money. I’m holding my core positions at this point, and hesitate to chase this market further with VIX being so low. September/October is typically a season of higher volatility. Expect violent swings in both ways. Buying both calls & puts (or volatility) will be a good play.

    My portfolio has gone up by 11.7% in the last 30 days. Risky assets are back into play.

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