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Good Morning!
Stocks rebounded sharply yesterday after mildly piercing their mid-October lows. As we have noted time and time again, if you are inclined to purchase equities here, make certain that you BUY ON WEAKNESS rather than on strength. Given the daily price swings in the market, you might be able to pick up an investment several percentages below where they close at the end of the day. That said, we have met with many of our clients, reaffirming their goals, objectives as well as easing their concerns by evaluating their complete financial picture, including defined benefit pension plans, Social Security, and Real Estate holdings, among other issues. We suggest you do the same.
As we have noted within past commentaries, we believe that “generational” opportunities exist in the fixed income markets.
Dennis Fagan
Chris Fagan