President Obama released his budget for the 2012 fiscal year this morning. The president seeks to use the $3.73 trillion to balance significant cuts in federal spending with investments in programs to improve the competitiveness of the United States.
(nothing happens. no major data. market is flat after its 3-4% climbing. )
My recommandation on this point is
"Hold" and "BUY ON ANY DIP", if you have more than 50% stock position.
if you hold more than 50% cash, buy steps by steps
Where is dip? somewhere maybe in this week.
Buy under 1230 will be ok as I said on last week.
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