My aching back

Since Thursday the market softened and raised fear to so far unseen levels since the summer. Bearish sentiment rose nicely and we must see that before the market will move higher. At this point the process of recovery is in place and will take some time to build. Now is an ideal time to prune and update portfolios. My firms structured approach does this naturally and it is interesting to see which stocks are on the new buy list and what is coming out of the portfolio. Please visit our website for further info on this or contact me directly.

We wanted a global market and we have one. The U.S. markets were hit by external influences, namely China, and it was interesting to me to see how our market responded. Less the leader right now, stocks have pulled back towards key breakout points. Some find it scary, others know that markets ebb and flow. If this is a mere "ebb", then the subsequent flow is going to be where the big money is made. I believe that as things settle down, investors will look past the slowdown in this economy and see its inherent strength. Also of interest this past week is that almost everything seemed to fall in price, except bond prices and the US dollar. Markets look ahead and lower yields always end up mattering. We should not lose sight of that point.

Picking up a pair of socks off the floor can be enough to throw out one's back. This amazes me since I regularly work out with weights and that's never a problem. But a pair of socks? Ouch!