TWELVE o'clock TUESDAY – Stock Market Report by Robert Holman | The DefensiveAdvisor.com | September
BULLISH … Rating of 6 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish). Still cautious. Watching market action closely.
THOUGHTS ON IMPERFECTION - Every time I’m imperfect, it distresses me; I feel like I can and should do better. Yet, the most we can ever hope to be … is the best imperfect we know how to be.
ELECTIONS AND VACCINE - The Presidential Election is moving to center stage, and Phase III corona vaccine test results will be forthcoming maybe as soon as next month. Either of these could drive the market. Only the election of Biden would send the market down (because of his corporate and individual tax policies, not his political affiliation).
TECH STOCKS – Tech stocks may have started their rebound (they almost always rebound quickly). What we had was a washing-out of investors borrowing on margin to buy stocks. If you are not familiar with this process, call me and I'll explain - you need to understand this completely, so we will spend 1-to-1 time on it.
MARKET – Many tech stocks were way overvalued. When short sellers took them down, it took down many good stocks as well. You have all heard the saying, all falling tide lowers all boats. I’m looking for a recovery, but that will be quickly overshadowed by the Election and Vaccine results.
If you have not yet become a client, please allow me the opportunity to serve you. For those of you who are already clients, thank you for your trust.
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Opinions voiced in this post are for general information only and are not intended to provide specific advice 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.