Thursday, August 12, 2010

Brace for Impact

Three words you never want to hear your pilot say - "Brace for Impact."

The Feds decision to give a slight nod of acknowledgement to the idea that the economic recovery is faltering took its toll on the stock market Wednesday. The market took a pretty good nose-dive. Near term, the environment for stocks has taken a turn for the worse. Expect more turbulence ahead.

Our model portfolios currently have no exposure to stocks. Furthermore, our low volatility bond / income funds holdings continue to perform well.

For now we can ignore the volatility of the stock market while protecting our current holdings with our stop loss strategy.

1 comment:

  1. Makes you long for the days of Greenspan's opaque equivocations. Bernanke needs to learn to shut up.

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