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Investor Sentiment is Heating Up

February 24, 2015
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One of the many market truisms is that bull markets climb a wall of worry, and that once there is no worry, it’s time to sell. The best time to buy stocks in the past decade was February 2009, when the degree of investor worry was off the charts, thanks to an imploding economy and the prospect of failing banks. The best time to sell (presumably somewhere in the future, if not now) will be when GDP growth is healthy, unemployment is low and investors are enthusiastic about earnings growth at a wide variety of companies. Of course, these highs...

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U.S. Market Looks Good — The Sky Is Not Falling!

February 17, 2015
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I attended the 34th annual MoneyShow in Orlando last week. The conference was well attended with 4,500 investors coming from near and far. Investors at the show were generally bullish on the U.S. stock market’s prospects for a solid advance in 2015 because the U.S. economy is improving, employment...

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There’s No Reward Without Risk

February 12, 2015
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Most writing about the stock market goes on and on about risk and reward. That’s appropriate, because any responsible analyst discussing the market needs to keep bringing up risk. It’s always easy to sell people on the promise of huge returns, but investors, especially novices, are always in danger...

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Ready, Aim…Aim…Aim…

February 11, 2015
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In the final moments of the Super Bowl, one of the unsung plays came when the Patriots had the ball at their own half-yard line, and needed to burrow...

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Utilities Performing Well

January 28, 2015
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Macro factors were the big drivers coming into this month, with energy prices, exchange rates and central bank moves all exerting major influences on our portfolio. But as we’ve...

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Looking for Clear Signs

January 23, 2015
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As has been the pattern of the past couple of months, the market followed up a relatively sour couple of weeks with a nice rebound this week, bolstered by...

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Market’s Volatility

January 20, 2015
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The market’s long-term trend remains up, but intermediate-term action continues to be “challenging,” as news-driven volatility pushes the market first one way and then the other. In this type...

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Market’s Intermediate-Term

January 16, 2015
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The market has been as choppy as we can ever remember since early December—no money has been made during that time, and buying any stock near new high ground...

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Choppiness in the Market

January 9, 2015
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This week saw a return to the choppy ways that have dominated the market for the past two months, and, really, most of the past year. In fact, we’ve...

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