• Skip to primary navigation
  • Skip to main content
Mullooly Asset Management, Inc

Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

  • Services
    • Wealth Management
    • Financial Planning
    • Retirement Planning
    • Investment
    • Estate Planning
  • Our Fees
  • About
  • 732-223-9000
  • Schedule A Meeting

Services

  • Wealth Management
  • Financial Planning
  • Retirement Planning
  • Investment
  • Estate Planning

Quick Links

  • About
  • Our Fees
  • Videos
  • Podcasts
  • Blog

Support

  • Contact
  • Client Login
  • Pay Bill Online
  • Form CRS
  • Our Process
Follow us on Facebook
Follow us on Linkedin
Follow us on Twitter
Watch On Youtube

Let’s talk

Current Market Conditions : Are we in Good Shape?

May 27, 2007 by Thomas Mullooly

I get calls from folks with money in the market, wanting to know if they’re in “the right position” or are they still in “good shape” with current market conditions.

Here’s my reply:

I am comfortable with what’s happening. I hope you are too. There are a lot of folks I manage money for with more cash ON the sidelines than they’re normally used to. Again, I’m OK with that.

Now here’s the reason WHY I’m ok with that:
When this market recently flipped to offense, it was at a level where I’d usually be preparing clients for the time when we begin taking money OFF the table – not plowing more money in.

So we started this most recent run already IN the high-risk neighborhood. And, as I wrote in a previous message, the short-term indicators are telling me it might be the 8th or 9th inning of the game.

So I’d rather err on the side of caution than subject us to some losses.

And if I am wrong (but I don’t believe I am), we’ve got plenty of cash to get back in the game. And the leveraged ETFs (exchange-traded funds) can get us back in the game quickly.

Please understand something else: if the market were to go through a healthy correction (meaning a 3% to 6% drop) in the near future, and remain on offense, we’ll be in an excellent position to run the table. That’s what I’m looking for, and will keep you posted when we need to take action.

Enjoy the rest of the Holiday Weekend!

Tom

Thomas Mullooly
Mullooly Asset Management LLC
Our Only Business Is Fee-Only Investment Advice
www.mullooly.net
support@mullooly.net

Never miss a post...and we deliver!

newsletter mailman

Get our updates delivered right to your inbox. Sign up today!

Success! Now go and check your email to confirm your subscription.

There was an error submitting your subscription. Please try again.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Filed Under: Asset Management Tagged With: market conditions, short term indicators

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

  • 732-223-9000
732-223-9600
  • support@mullooly.net
  • Services
  • About
  • Our Fees
  • Contact
  • Form CRS
  • Videos
  • Podcasts
  • Blog
  • Client Login
  • Pay Bill Online
  • Our Process

The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

© 2022 Mullooly Asset Management Inc. All Rights Reserved.

  • Privacy
  • Disclosures and Legal Disclaimers
  • Privacy
  • Disclosures and Legal Disclaimers

© 2022 Mullooly Asset Management Inc. All Rights Reserved.