Road map anyone?
Wednesday, September 23rd, 2009
We are being beaten to death with how far the market has come in such a short period of time and we agree with that assessment. Nothing would surpirse us less than the market meandering a bit here and maybe even some type of selloff.
BUT, the idea that the market has come a long ways quickly should be countered with the fact that a market advance of 40% would leave it STILL below its all time highs.
Too much is made of (what we call fantasy stockpicking) - like fantasy football its less based on real people investing their hard earned money. The idea that smaller investors should be making “big calls” and going all to cash or stopping the funding of their 401ks or shorting the market is detrimental to the smaller investor.
Our advice is to establish an allocation that you can live with and fine tune as the markets move and life unfolds.
This entry was posted
on Wednesday, September 23rd, 2009 at 8:21 am and is filed under Commentary.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.
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.
©2009 Fagan Associates, Inc. All rights reserved.
Subscribe