Market Update - August 15, 2011
As I've covered over the past couple of weeks the market is finding some resistance to the downside and has put in a nice bounce off it's lows (about 7% so far). In the video I show where the rubber will likely hit the road and either rally into the end of the year or break out to the downside.
The best strategy for now is to stay the course with a balanced, yet conservative portfolio and ride out the next few weeks. Once the longer term trend becomes more obvious investors may want to re-position accordingly. For clients of my firm - that is exactly what we'll likely be doing as our portfolios automatically look for trends and other statistical measures to position around.
If you have friends, family, or colleagues that might benefit from this analysis please feel welcome to share my blog with them. Over the past few weeks the number of subscribers has more than doubled via sharing like this - so THANKS to everyone who's passed my posts along.
Have a great week,