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.
Good Set-Up?
November 3, 2011 Leave a comment
From early August through early October the market (S&P 500) traded in a range roughlybetween 1120 and 1220. In late October we broke out to 1280, then pulled back this week to 1220, the top of the late summer base. We’re holding above 1220 (in spite of the fixation on Europe debt.) This is known as a Good Set Up. Combined with good seasonality (The Holidays,) we could end the year with a better market than many expect.
Although the Greek Prime Minister’s referendum may not survive the week, we still have a softening global economy and shaky banks to check our enthusiasm. We should continue to hold our best dividend paying stocks and funds. A few select growth stocks can be added on pullbacks to support. Use stops, and keep cash (money market, short term bonds) nearby.
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Filed under Investment Management, Markets Commentary Tagged with ETFs, market, mutual funds, stock