"Our focus has been to not chase the market higher over the last couple of months," Farris said. "We've been very careful to be stuck at strategic weights for equities in portfolios because we want to have the resources to take advantage of a correction."
He explained that in the 30 years up to 2019, "the average correction was about 14% but the average gains from that trough of that correction were 39%." Farris said in 2020 the S&P 500 saw an average correction of about 9%, while the subsequent gains were about 29%.
A Call to Protect the Nature! Thread:
Well, if anyone knows how to lose money, it’s CreditSuisse!
𝗜'𝗺 𝘀𝗼 𝗵𝗮𝗽𝗽𝘆 𝗶 𝗵𝗮𝘃𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗲𝗱 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗰𝗼𝗺𝗽𝗮𝗻𝘆, 𝗮𝗹𝗹 𝘁𝗵𝗮𝗻𝗸𝘀 𝘁𝗼 nereocole 𝘄𝗵𝗼 𝗵𝗮𝘀 𝘁𝗵𝗼𝘂𝗴𝗵 𝗺𝗲 𝗮𝗹𝗼𝘁 𝗼𝗻 𝗵𝗼𝘄 𝘁𝗼 𝘁𝗿𝗮𝗱𝗲, sir 𝘆𝗼𝘂'𝗿𝗲 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 nereocole
That’s never good to hear
They might be right, but after their recent debacles, it is hard to take their current judgement seriously.
Credit Suisse - Archegos loss $4.7 BN. They need to make up their losses.
Our stock will remain basically worthless. You have been warned.
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Source: Newsweek - 🏆 468. / 52 Read more »