Wednesday, March 31, 2010

Stocks move ahead during Q1

Stocks move ahead during March 2010 and the first quarter. Bonds slip to last in the 2010 derby, as measured from the 12/31/09 close (111.44, 107.31, 89.89):
SPY up about 5.2%
GLD up about 1.7%
TLT down about 0.4%

At the end of February, TLT was outperforming both gold and stocks, so things change.

For those readers that celebrate Passover and/or Easter, have a meaningful and joyous holiday.

Long GLD, TLT
neutral SPY

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