Any losses you took in 2005, that was then. Don't try to make up for last year's losses by getting more aggressive. |
If the Fed's concern has been about the overall level of stock prices, and it has also been about the multiplier effect of wealth creation, then clearly having a correction like this may well lend itself to their deliberations of what they will do next. At the end of the day, they may well bring in that quarter of a point, but even that's in jeopardy now. |
Investors are looking past those challenges and seeing an economy that's still got a good growth rate and are preferring to take a risk with their portfolio than not. |
Picking your own stocks is like trying to diagnose your health yourself. |
Rotation is indeed a reality but, if the economy is doing better, tech stocks will lead it because they are the new industrials. |
Since May of last year, most investors have not enjoyed the fruits of a rising market. What I've got to see is smaller-cap, mid-cap and technologies start to take leadership Only then will I be happy that the market has carried on in a bull phase. |
This demonstrates that the market does have risk. It demonstrates that it's not totally euphoric and there are things to worry about. |
When the U.S. Treasury steps forward and the IMF steps forward to replace the flight of capital, there will be no need for the Brazilians to raise interest rates. |
You can't anticipate [oil prices] but clearly there's excess supply. We're at an interesting transitional point where supply excess could trump the risk premium. |
You need as much balance in your portfolio as possible. |