Buying Low and Selling High

Eight Straight Great to Date

David B. Armstrong, CFA Weekly Market Commentary, Weekly Market Commentary Page 18

Last week was the 8th anniversary of one of the greatest buying opportunities of most of our lifetimes.  As you can see below, it was obvious to most investors that March 9th, 2009 was going to be the bottom… I’m sure everyone knows I’m kidding…I remember someone in my industry saying to me, “this could literally go to zero.” Yes, …

Stocks Are On A Roll – What Now?

David B. Armstrong, CFA Weekly Market Commentary, Weekly Market Commentary Page 17

Last week was a busy one for me. I had a dinner meeting every evening and there was a resounding theme, both implicit and explicit, in almost every conversation we had – “Is now a good time to add money to portfolios or start taking chips off the table?” Answer: I don’t know. How could I? But that still does …

Bull Market Bear Market

A Tug-of-War Between The Bulls and The Bears

David B. Armstrong, CFA Weekly Market Commentary, Weekly Market Commentary Page 17

I’m seeing, reading and hearing a lot of back and forth between people on where this market is heading and frankly, there are a lot of data that are supportive of both camps. People who are beating the bull drum have been highlighting the restrained investor sentiment, fair valuations, the improvement in the U.S. Dollar that is supportive of better …

out of the market

The Most Hated Rally I’ve Ever Seen – Here’s What Has the Market Up

David B. Armstrong, CFA Weekly Market Commentary, Weekly Market Commentary Page 17

I don’t know what it is, but it seems that everyone I casually chat with is sour about this rally. I’m not sure if it’s because people are in cash, if it’s because they are over-weighted to sectors that are not up as much as the market, or if it is because they are just sour about a lot of …