The last year’s market has made most stock investors tense, jumpy and looking around every corner for oncoming disaster.
Today’s decline of (right now 171 points) has us checking and rechecking our accounts. The ISM numbers were encouraging but have done nothing to stall this decline.
September is historically the worst month of the year for stocks - we see more of this before its over BUT (and this is a big but) investors should move in moderation. See our post from August- take a step or two. We believe this pullback has been a long time coming and will result in higher stock prices in 6-9 months
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dddownside
Tuesday, September 1st, 2009
| « Investor, Know Thyself | Commentary for September 2, 2009 » |
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Any specific stocks named in this presentation may not be representative of current or future investments in the portfolio to which they belong. You should not assume that investments in the securities identified were or will be profitable. We will furnish, upon your request, a list of all securities purchased, sold, or held in the portfolio during the twelve months preceding the date of this presentation.
Please note that all data is for general information purposes only and not meant as specific recommendations. The opinions of the authors are not a recommendation to buy or sell the stock, bond market or any security contained therein. Securities contain risks and fluctuations in principal will occur. Research any investment thoroughly prior to committing money or consult with your financial advisor. Please note that Fagan Associates, Inc or related persons buy or sell for itself securities that it also recommends to clients. Consult with your financial advisor prior to making any changes to your portfolio.
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