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.
Here Comes Santa Claus?
December 2, 2011 Leave a comment
Well, after my early November post the market did test support at 1200 (S&P 500) and promptly went down another 3% to 1162, basically the middle of the late summer/early fall trading range.
Then we found support. This last weekend Central Bankers, led by our Fed, brought the markets a gift, actually a gift swap-Dollars for Euros. Now we’re back over 1200 at 1250 and looking good technically.
The market’s Season of Good Will is upon us and, assuming more progress in Europe, we’ve got a good set up for a market that will be reluctant to go down. Several big funds may be under-invested and feeling the need to buy pullbacks.
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Filed under Investment Management, Markets Commentary Tagged with market, stock