Nothing. Its called gambling. Hope in Europe is misplaced. So is hope in Obama. Right now keeping money in the market is like playing let it ride at the Casino. The house is going to win. The house is the hedge funds, institutional investors, corporate insiders and the government.
The encouraging thing is the market seems to be closing on a technical bottom with the market over the S&P above the 50 day and not far below the 200 day MA.
I still see nothing fundamentally bullish to move this market forward. It is still less risky to invest money in foreign capital and labor than domestic. Only a change in administration plus a change in tax and regulatory policy will start to make the domestic labor and consumption market look competitive again against the riskier emerging markets. Still looking at the end of Q1 before the market shows some leadership to the upside.
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