The turtle makes no progress until it sticks its neck out; I have been sticking my neck out since Thanksgiving, believing the Santa rally was beginning.
Hard and fast “rules,” I have argued against them since entering this business some 40 years ago because in the stock market you have to be flexible.
Timing is “all” when it comes to Wall Street as any whipsawed investor will tell you
Equity markets are churning slightly above their topside “breakout” levels, begging the question, “Is this an upside breakout; or, an upside fake out?”
<i>The following is an excerpt from the weekly investment outlook of Jeffry Saut, the managing director and chief investment strategist at Raymond James, for the week of August 2:</i>
<b>The call for this week:</b> When I entered this business, some 40 years ago, one of my mentors told me to put 20% of my money into Treasury Bills, 20% into stocks, 20% into bonds, 20% into precious metals, and 20% into real estate.
Clearly it has been a “rough ride” for the equity markets since their parabolic peak of April 26th.
The following is an investment strategy column by Jeffrey D. Saut, managing director at Raymond James & Associates Inc.
Friday was a multi-swinging session, which is exactly what you want for a bottoming phase in the equity markets.
