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We strongly recommend that investors review their portfolio to make CERTAIN that their portfolio is allocated according to their objectives. Furthermore, make certain that you have a bit of cash on the sidelines and finally if you are under allocated look to add to positions or establish new ones in investments that you can live with regardless of which way the market moves. We look at category killers barbelled with dividend players in equities. With bonds, be careful of high-yield (low investment grade) bonds.
Regarding yesterday, we think it deplorable that retail investors could possibly get sucked into selling after a potential computer trading error sent stocks down 700 as represented by the Dow over a fifteen minute period only to recover 600 of those points over the following quarter hour.
For our clients, feel free to contact us with questions or concerns and rest assured that we are closely monitoring the situation.