It has been a couple of months since I have commented on the markets. I have trying to make sense of it all in the context of the Middle East "revolutions" and the horrible events in Japan. Basically the market has pretty much ignored all these events. The chart above took a dive with the events in Japan, but the sell off was less than 5% and we have now rebounded strongly. The forces of cheap money and economic recovery are more important to the stock market and corporate profits.
Meanwhile, we have kept our accounts fully invested in response to our technical indicators and the principle that we should not fight the FED. We have reduced overseas exposure somewhat as we think that the geopolitical events will have a negative effect overseas.
-JOHN
If you would like John or Rosemarie Boyd to speak to your group or organization on financial planning or investment strategies contact Rosemarie at rboyd@boydstrategy.com or call her at 508-754-3226. The comments on this blog do not represent individual Investment, Tax or Legal Advice, and do not represent an offer to buy or sell any security. Consult the appropriate professional before acting on any idea seen here.
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