If you missed the recent rally, you gotta forgive yourself and move on. Most missed the rally, considering the volume of stocks trading hands outside of the flash traders.
In the short term ANYTHING can happen, but I am looking to buy, ON ANY WEAKNESS, energy equities. This is a big change for me. I even put a little of Big Oil in my portfolio friday (they have not rallied with the rest of the market). I have no interest in U.S. banks, retail, transportation, etc... they are too rich for my blood. But I AM interested in international commodity players (non-US companies), energy (not Nat Gas).
Gold and Silver (and Platinum) have been my biggest personal holdings, and I will AD to these on any weakness. Yes, the US$ could rally at anytime given the recent sell off... but the US$ is f*&^king doomed, and I don't want to be near it when the proverbial bad guys come and rub the US$ out in Mob Hit style.
Deflation came and went. It could come again, but I don't think for several years - not until the real blow up that comes when the U.S. recognizes all of its Social Security and Medicare liabilities.
The 800 pound gorilla in the room is OIL.
Greg