by Robert Holman | The Defensive Advisor | www.defensiveadvisor.com
EQUITY MARKET RATING … 6 (0-4 bearish, 5 neutral, 6-10 bullish). The markets are just too erratic to be more bullish than that.
EQUITY MARKET and ECONOMY … I’ve expected this week or next to be an inflection point, with the market a) reversing it’s selloff in some growth sectors and b) moving in a slow uptrend going forward.
Yet at the same time you could make a case for a bear market grinding downward slowly over time as tapering progresses and interest rates rise.
Also, January could be a very good month for those same certain growth stocks, those that have sold off by 20-30% or more, as more and more investors pass the 31-day wash sales hurdle.
What a conundrum.
You got to laugh department … I was playing a board game with Karen, my wife, and our 3 grand kids. We decided to up the stakes. The winner was given the right to choose one of the losers to either a) clean the Den/Livingroom or b) take a dunk (head underwater) in the swimming pool. Well, Karen won and guess who she chose to take the dunk? Well, it wasn’t so bad, but I wouldn’t want to do it again.
Merry Christmas everyone and Happy Hanukkah !
Sure hope I get to catch up on some reading.
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Excelsior Divitiae. Published every Tuesday at 12:00 noon. For more information on my investment and planning services, or to sign-up for this weekly e-Newsletter, visit my website: http://www.defensiveadvisor.com/services OR http://www.defensiveadvisor.com/contact
Opinions voiced in this post are for general information only and are not intended to provide specific advice to or recommendations for any individual, without complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss. Past performance does not guarantee future results.