I finally got around to reading the Milton Berg interview:
Which has me turning bullish. Why? Read it carefully. The devil often lies in the details. The 'one thing that doesn't quite add up' (which I take to mean the two indicators out of 100 that remain inconsistent with levels seen at prior market tops) - that has me thinking Bert is front-running his model. Maybe it's nothing - or maybe it's everything.
2nd_ave, instead of trying to 2nd-guess the broad market moves :), why not look at clearly undervalued sectors? For example, dry bulk shippers. The Baltic Dry Index is at a 5-year high, while NMM is still half of what it was last summer. NMCI has basically not rallied at all. These stocks are very thinly traded, and smart hedge funds ignore them because of the "tiny" volumes. If the broad market does not crash for the next couple of months, these stocks will be MUCH higher...
ReplyDeleteThat's a big 'if,' my friend.
DeleteCashed out today. Decided to suck it up and take a -2.15% hit for the final week of July. Now just +9% ytd and trailing my benchmark by -7% (although even with benchmark over the past nineteen months).
ReplyDeleteI'm not interested in guessing what happens tomorrow - I'll have my usual plans in place regardless of direction.
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