The Waiting Game

As we advance toward 2011, we've seen many calls for a correction in January. I was looking for the same, but if everyone is looking for it, then perhaps the trade is to buy the first dip off high or just waiting on the sidelines. If we start to edge higher, more anxiety will creep in. If a fund manager missed the big move in the last part of this year, surely he/she would not want to miss out on the move early in 2011.  As we wind down the year, there are no pomo for two days and also a strong bias to close down on the last day of the year.  Will that produce another buying opportunity for 2011?

Related posts:

1. Playing the waiting game
2. Holiday Fever
3. Time for a Rest?
4. Black box vs. Traditional PM – The Illusion of Transparency?
5. The Earnings Game