As I write this update with data I put together last week, my charts do not reflect the rally of the last few days.

In the last few days my accounts have probably gone up less than 3% while the market is up over 10%. Relatively speaking, I’m not all that in the market.

I do not personally believe this is the beginning of a V shaped recovery.  Fundamentally there are too many problems in the economy.  That said, I do think there are quite a few good values in specific companies.   Personally in the last few weeks, I’ve put money into BAC (Bank of America) and GE (General Electric).   I believe we are in a time of great economic transition.    There will be companies that do not survive that transitions, some have already failed (Lehman), and others are on the verge (General Motors).