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Thanks for posting Jeff Saut's take on the market. I check the Raymond James site each Monday to read his weekly blurb. I have linked below a recap by Market Folly of his latest blurb. It is about managing losses.
I am pleasantly suprised that the market (S&P 500 Index) is at its current level (1455) which computes to about a 15.6% ytd gain. Go figure, it must be the cheap money that the Fed is feeding the banks that are fueling the rally. I guess, there is little to be gained form buying Treasuries so banks are now buying stocks. Wonder what will happen when the cheap source of money dries up? I am still on the equity train but I have dialed equities back within the past year even though they currently are about 45% to 50% of my portfolio.
As Trailways use to say ... Enjoy the ride and leave the driving to us!
Reply to @Skeeter: I apologize for being one of those annoying attention to detail guys but you can't overlook dividends. YTD at the October 16 close, the total S&P return has been 17.71%. A very good year indeed for those so invested.
You are correct in as much that the number I reported was not the total return for the Index but was the price gain. In round numbers the Index started the year at 1258 and through 10/16 it closed at 1455 for a gain of 197 or 15.6%.
Comments
Thanks for posting Jeff Saut's take on the market. I check the Raymond James site each Monday to read his weekly blurb. I have linked below a recap by Market Folly of his latest blurb. It is about managing losses.
http://www.marketfolly.com/2012/10/jeff-saut-investing-performance.html?
I am pleasantly suprised that the market (S&P 500 Index) is at its current level (1455) which computes to about a 15.6% ytd gain. Go figure, it must be the cheap money that the Fed is feeding the banks that are fueling the rally. I guess, there is little to be gained form buying Treasuries so banks are now buying stocks. Wonder what will happen when the cheap source of money dries up? I am still on the equity train but I have dialed equities back within the past year even though they currently are about 45% to 50% of my portfolio.
As Trailways use to say ... Enjoy the ride and leave the driving to us!
Skeeter
No apology necessary ...
You are correct in as much that the number I reported was not the total return for the Index but was the price gain. In round numbers the Index started the year at 1258 and through 10/16 it closed at 1455 for a gain of 197 or 15.6%.
Thanks for adding in the dividends.
Have a great evening ...
Skeeter