Markt Comment 04 29 10

In my market comment blog for Tuesday, the 27th, I quoted the S&P 500 being off 213.04 points. This should have read that the Dow Jones Industrial average was off 213 point rather than the S&P 500. At any rate it was a large decline.

The good news is that the S&P500 was up 1.29% Wednesday. None of our positions were stopped out this week even though they came close.

The Greece debt default situation remains unresolved. Until some of the problems in Europe are resolved we should be prepared for more volatility.

Our accounts have a big weighting in low volatility bond and income funds. These funds are not affected in a big way by the day to day swings in the stock market. Moreover, our stop-loss discipline protects our equity positions.

All we really need to do is sit back and let the systems we have in place do the job they were intended to do. This is the benefit of employing a risk management system that we can rely on.