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