Where should I put my money?

I've been asked, by people who ignored my advice in the past, what they should be doing with their money now.

Well, right now your money should be in the market, since I recommended since February. We're experiencing a relief rally. We are toward the end of this rally, so it's probably too late to reliably buy back in right now...but there will be another serious buying opporitunity in the next 6 months.

I think this rally's going to peak at a Dow of around 10,000. It's scratching on 9K now, so I'm thinking by the end of August, we'll be there.

At this point, move stuff into more secure things. The Dow is not about to start churning like a steam engine. It's going to be up and down for quite a while still. Be smart.

If you're looking to park money long term, Caterpillar is the best option for you. With the stimulus money being thrown around, as well as the stimulus the Chinese are going to throw...it means more roads, more bridges, and more heavy equipment to build them with. Get it?

I'm not sure what will really bring the snap back in the markets...perhaps a rash of bank failures related to the commercial real estate??? Probably won't be any large banks...they bailed from that industry a long time ago. It's the mom and pop banks taking this one on the chin.

Whatever causes it...the markets will churn back into reverse before 2009 is out, so don't get greedy.