Where Do We Go from Here?

From March to May of this year, stock market gained nearly 35%.  Indeed, we are seeing more evidence of stabilization of economy and it appears that consensus among economists is for recession to end later this year.  However, it looks like that the market has already discounted the predicted weak economic recovery.

So where do we go from here?  Again, no one on this planet, yours truly included, has an ability to predict future market moves.  Having said that, we could be in for a period of consolidation and sideways movement in the market, until we see more evidence on economy progress (or lack thereof).  The key is to be invested in high quality companies that are able to weather the recession better than competition and will emerge stronger when the recovery finally arrives.