Weekly Commentary March 15, 2011
Before today (March 15), the stock market is up roughly 4% for the year (since January 1st).
Since the market peak (short term) on February 17th, the market is down 4%. But it *feels* much worse than it actually is.
Now, all we read in the papers is “sensational” news. We have had some CRAZY world events. Short term, this market WILL be sloppy …driven by news. But the bigger picture still looks very positive.
If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.
If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website.
Under no circumstances should the content discussed on this post be considered specific investment advice.
***** ***** *****
For example, in late 2007, “money market” charts began to strengthen compared to stocks. Which spelled trouble for 2008. We are no where near those kinds of readings. Again, nowhere near anything like that.
The main thing I remind clients is everyone has a different comfort level.
The more important question:
At what level will YOU be OK?
Will that be 100% out of the market?
Will it be 50% out?