We’re going up-up-up… for now

As I just watched Liza Minelli ringing the bell on Wall Street for the 4 p.m. close of the market a few minutes ago, I began to  feel even more secure in the beliefs I’ve been espousing here over the past few months.
Stocks rallied to their highest level in two months today.
The Dow crossed 9,000 for the first time since Dec. 8.
And the Dow, S&P 500 and Nasdaq have just experienced their best three-day rally since the end of November.
Start warming up your toes, because it’s definitely looking like a good time to start dipping into the market once again.
That doesn’t mean I think you should go hog-wild and stake a full position in any stock, as I have no doubt we’re going to experience just as many, if not more, pullbacks over the first quarter in ’09 as we do rallies — but as I’ve been preaching for months, I think around the mid-point of the year, we’re going to see some of the cream of the crop stocks start rising to the top once again — and I, for one, want to be along for that ride.
As for me, I’m still doing my due diligence on the same names I’ve mentioned before — Walmart, McDonald’s and Dollar Tree — while also keeping an eye on Natural Gas as we start the winter with lots of stormy cold weather.
Just remember the usual disclaimer: Don’t base any of your investment decisions on anything you read here — do your own due diligence — or at least enough research to pick the right professional to handle it for you.

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