Responsibly Managing Investment Accounts Over 25 Years
Although I’m based in Marin County my clients are from all over the San Francisco Bay Area, California, the rest of the U.S. and abroad. My clients are individuals, family trusts, businesses, business retirement plans, non-profits and foundations.
This blog is intended to help individual investors with simple and timely tips and important information on markets, investment management and financial planning.
Wow!
October 27, 2011 Leave a comment
Up 2.75-5.25% on the major indices today. Looks like we got enough of a “fix” out of Europe. Earnings, although somewhat mixed, didn’t seem to get in the way.
It’s not a good idea to chase them, especially since the market technically is overbought, and many charts look extended. If one were feeling left out, adding to laggards could work, as long as earnings are out of the way or seem safe. I’m also seeing a few good stocks not too far above trend lines.
Traders should take some off the table. Investors, aside from my comments above, should wait for trend line support to catch up with the stocks/funds on their buy list.
As always, email or call with questions (or answers
) Bob
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Filed under Investment Management, Markets Commentary Tagged with market, stock