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Random ThoughtsNo Place To Run, No Place To Hide
When things are iffy, commodity related areas such as the Energies and Metals & Mining can be a good place to look for opportunities since they can trade contra to the overall market. However, you don’t just buy them for what they can do. Right now, they are bottoming. Notice that I used the gerund. So far, it’s been more of a process than an event.
Full disclosure, we are long USO in the model portfolio. It looks like it has turned the corner but it too appears to be taking its own sweet time.
“Cheaper To Keep Her” (Taylor) Just Kidding!
As I have preached in this column and in webinars, it’s often always darkest right before it gets more dark. This is why you don’t buy an area just because it is sold out. You wait. And, like Tom said, “the waiting is the hardest part.” Learn patience and let the markets come to you and you’ll do just fine longer-
term. Most won’t and don’t. They seek action. If you’re looking for action, have an affair. This way, you only lose half of your money. Seriously, I generally don’t lose clients when I’m recommending crap. It’s only when I’m preaching patience and mostly saying to wait that people go off to chase rainbows. Note: Obviously I’m joking about joining Ashley Madison. Seriously though, if you do want action do something fun like go to Vegas. In just a few short weeks, I’ll be there giving my “try the veal” dog and pony.
A Bull Market..Somewhere?
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