Weekly Commentary for February 22, 2011

We continue to run offensive plays in the stock market. And as long as we have control of the football, that is what we will do. As I have mentioned before: when the charts change, we will change. Domestic stocks continue to move right along. Small and mid cap stocks are out-running large caps, but even large caps have been participating. Small and mid caps rock, though.

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The pull-back in international markets has not materialized, or…at least yet. So, we have some cash in many accounts to put to work. If the dollar cools off, we may even go back into foreign markets.

We will just have to see.

Commodities will continue to be in the spotlight as long as there is political unrest (this time: Libya) and inflation. The strongest areas remain real estate, technology (especially the internet) and commodities. Bonds continue to slump.