Wednesday, November 23, 2011

Market Summary 11 23 2011

The Market was down sharply again today. The S&P 500 is now down about 9% from it's recent high.

The Market is now very oversold, but this does not rule out it getting more oversold. Futures are now down an additional 250 points as I write.

Our new and improved market direction model developed by Ian Woodward, HGSI software and Chris White, Edgerater software, gave us an early sell signal that has saved GWM Model Portfolio investors a ton of money. Our equity positions were dratically reduced prior the big decline this week.

You are free to enjoy your Thanksgiving festivities without having  to worry about investment accounts.

Happy Thanksgiving From Steve Sandy John and Chris

Monday, November 21, 2011

The Super Committee Drops the Ball

The Super Committee Says It's Unable to Agree on Debt Reduction Deal.

Why doesn't this surprise me?  The Dow Jones Industrial Average closes down more than 240 points.

Last week I drastically reduced equity exposure in all GWM Model Portfolios. The GWM Market Direction Model is currently on a sell signal.

Thursday, November 10, 2011

Market Comment 11 10 2011

The markets had a big down day yesterday. There was no place to hide as all sectors were slammed. In spite of the extreme volatility we remain in a medium term uptrend. At the moment, futures are indicating a strong upside open. It will be constructive if gains hold thoughout the day. If, on the other hand, we can not hold on to gains this rally is in trouble and I will take defense action.

The Core Equity folio is currently invested in the defensive stocks, about 50% invested. Position include ABT. EXC, IBM, MCD, PFE, SWY and SO. The Aggressive Dicretionary folio is invested in high growth stocks, fully invested. Positions include CLR, DECK, FIO, ISRG and UA. The Discretionary folio has a 50% position in the S&P 500 ETF, SPY.The Sector Rotation folio has 25% positions in XLE, XLB and XLK. The Inflation Hedges folio is 100% invested in GLD. Flexible income positions include JNK, LQD, TIP and LTPZ. All GWM models have a comfortable cash positions.

Indepth holdings information can be obtained by visiting the GWM website. Click on the "Portfolio Holdings Lookup by Symbol" link under the Clients tab. Then, click on the first GET QUOTE link and enter the symbols that you are interested in.

Thursday, November 3, 2011

Occupy Wall Street Proof that Capitalism has Failed

Lt. Chris found this one.

I also liked this one. Fred Richard, an amazing and legendary investor that I met at the Palos Verdes conference, used the following slide in his presentation. Since I turned 62 on Halloween (my actual birthday), I thought I would share it.