Dow is at 11,000 and it is higher than I expected. The major reason is the liquidity created by the FED. The valuation is not cheap but Fed and central banks all around world are creating money rapidly. The Fed increased its balance sheet by 2 Trillion dollar. Money supply increased over 40% in China last year. All these money are finding their ways to risky assets. It is real estate in China and stocks and junk bonds in U.S and other market.
Closing Value
Portfolio 1 (Cash, 200 intc, 1000 c, 200cyb, 200 brcd and 200 ms): 113942
Portfolio 2 (Cash, 100 TD, 200 HSE and 300 HXD): 82517
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