Today's Data 2011-03-01(data is ok, but market dropped a lot)

Chairman Bernanke delivered his semiannual Monetary Policy Report to Congress this morning. He reiterated his view that the economic recovery is on track and that there is increasing evidence that the recovery has become self-sustaining. However, he also pointed out that unemployment and housing remain weak and that monetary policy will remain extremely loose until those areas recover.

Inflation was another focus of the speech. Bernanke does not believe that cost pressures are currently a problem, but he did concede that a sustained rise in commodity prices could threaten the economic recovery. The Fed will continue to m onitor the situation closely and make adjustments to policy as needed.

The Institute for Supply Management (ISM) released their monthly report on the state of the manufacturing sector. The index rose to 61.4 in February, a level last seen in May of 2004. Economists had been expecting a reading of 60.5. One of the major areas of concern among purchasing managers was the rise in commodity inflation over the last month.

U.S. construction spending fell in January by 0.7% from December, more than the 0.4% decline that was expected. Weakness in hotels, roads and other commercial projects were the culprits for the slowdown.

( data looks ok, however the market dropped a lot. ) 

Our expectation is keeping same.  time to buy!  take the ride from 1300 to 1400. however if this happens again in this week. 1300 may be broken for some time.  But believe me, it will not be very far this time.  

My personal opinion is "BUY". at least hold more than 50% stock position. 
We can not buy at every bottom. 


If you are more aggresive than me, you can wait more lower.  I started loading my position.  
very well, maybe I can not make more than 50% in this year, but only (1400-1300)/1300* 100% =7.6%, that's not enough. but we can do it twice in this year. 14% should be good enough to us. 
cheers.