Dow Up for the Year!

Can I get a hallelujah? The $DIA is up for the year! 

It’s a little underwhelming, considering the market activity since May.  And today’s action was a bit underwhelming, but price is the ultimate indicator.

I was thinking about the week before Labor Day 2010, and that was the start of an incredible bull market run.  Now, here we are having a nice rally the week before the week before Labor Day.  It was almost as if folks were trying to get in ahead of the run-up, and then creating the run-up and rally themselves!

I remain positioned in low-beta stuff, cash, some oil, and the QQQ and VB trade.  I think the latter is close to positive, and offsets the (now) small loss in the QQQ trade.  So those trades have been like being in a money market fund, but much more exciting, right?