Markets are pointing higher for Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade.
Providing our call of the day is the president and chief executive of Stock Traders Daily and portfolio manager at Equity Logic, Thomas H. Kee Jr., who is gearing up for what could be a bullish period for stocks, and says that’s all about understanding volatile days. “What that means is volatility. In normal market conditions you have volatile conditions,” he said. “It’s not what people are used to because stimulus has been a component since most people have been in the market nowadays, especially all the new [investors].” Pre 2010, markets were naturally volatile, he reminded us.
Since 2000, an investor putting money only in the S&P 500 ETF SPY and cash, moving to cash when his crash indicator was warning of high risk, but all other times investing in the S&P 500 ETF, would be beating the market by 530%, said Kee. The money manager’s message is clear: “Volatiltiy is here, it’s coming and you better be ready for it and your portfolio better be prepared to handle it as well. Because it’s really difficult for people who have never experienced real volatility to handle volatility,” he said.
SPLG better than SPY. Thomas H. Kee Jr. must not pay attention to expense ratios.
Seems like everyone is trying to call the bottom each day. Hopefully one of these times it is right!
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How two foodies turned a passion for bacon into a business empireHow these two California foodies expanded their gourmet bacon business beyond the farmer's market to wholesale, e-commerce, and third-party retailers CapitalOneBiz ad CapitalOneBiz 这两位加州美食家如何将他们的美食培根业务从农贸市场扩展到批发、电子商务和第三方零售商CapitalOneBizad
Source: BusinessInsider - 🏆 729. / 51 Read more »