Against the backdrop of corporate reports of U.S. companies on the trading floors of the U.S. planned to profit-taking, do not know how strong. I believe that world markets are heavily overvalued, they are very grown up, and everyone knows it, so, despite the liquidity, some correction is inevitable. Nevertheless, as long as the possibility of continuing growth in the stock and commodity markets.
I think in a situation where the state retains enormous debt, and when all fear that the decline in liquidity will cause a second wave of collapse in the world, will continue to remain favorable situation in terms of providing liquidity, especially in the United States. But it is the growth in the commodity markets will worry bidders long before the Fed starts to do something with the rate. And it is this concern will push rates up gradually, especially on the three-year securities. Perhaps they will begin to move closer to a decade of profitability. This movement should cause a wave of selling in equity markets, but until then be possible to further growth of quotations. From my point of view, now on the market levels are such that during the day it is not necessary to open positions and try to play up. Better to wait until the market corrects to at least 1300 points on the RTS index. You can then try to open a long positions, but it is best not to leave positions in the next day.
In the longer term is very uninteresting investments in all except the shares of commodity sectors, all other papers look overvalued.
Shorty I highly do not recommend, because the situation is in favor of further growth in the stock markets. I recommend to sell and move in short-term debt obligations.
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