Bull Market Recovery ?

“Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows. " - Jim Rogers ​​The Portfolio The portfolio is UP 0.27% YTD as I'm writing this post. Our benchmark index, the S&P 500 is down -11.14% YTD. Bull Market? In my last post I said, "Earnings haven't come out yet, and when they do investors had better not be looking at earnings as a metric for which stocks to buy and sell. Everyone should be looking at revenues, because that will tell us who survives and who doesn't." Since then, a few earnings have come out, most notably the banks, and investors appeared to be surprised by the lack of earnings. In fact, Citi Group (C) delivered a beat on the top

Raising Cash Today

“Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows. " - Jim Rogers ​​The Portfolio The portfolio is down -4.88% YTD this morning. Our benchmark index, the S&P 500 is down -16.00% YTD. Is This The Bottom? In my last post on March 28th I asked the question, "Is This The Bottom"? In my worst case scenario I gave an S&P 500 range of a decline to 2,100 to 2,150. I've reiterated my calls on the market below. Since then investors have remained, in my opinion, overly optimistic and have rallied the market on any good news, even before the news is verified. Earnings haven't come out yet, and when they do investors had better not be looking at earning

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This material is provided for informational purposes only, as of the date hereof, and is subject to change without notice.
This material may not be suitable for all investors and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.

© 2016 by Clay Baker all rights reserved