|If you want to have a better performance than the crowd, you must do things differently from the crowd. Sir John Templeton
I will be taking tomorrow (Friday) Veterans Day off, to spend time with my favorite Veteran-my Father. Although not a religious holiday, it is one I truly respect and honor. I thank all of my followers/members that are or have served in the US Military-Salute.
Although many “Academics/Economic Advisors,” predicted a market meltdown if Mr. Trump was elected, they were wrong. It will be interesting to see how many main street investors jump in at these levels to put cash to work.
Why the buying? This CNBC interview from Billionaire Stanley Druckenmiller helps to explain the reason why. I agree with many of his points, except selling my Precious Metal holdings.
Today, I conclude my SPX Pullback series to see if the Simple Simon gave quality entry signals. The links to each pullback are below.
This knowledge is VERY important. When the next pullback occurs, we will keep it front and center when fine tuning our entry/exit decisions.
On Monday, I take an in-depth look at the SPX Big Picture to help with our 2016/2017 strategies.
Enjoy your evening,
David O. England
Plan your work, work your plan, and share your harvest! Philippians 2:3-4
This information is for Educational purposes only. It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.
DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and not intended as financial advice.
If you have a question or comment, contact David England at firstname.lastname@example.org.
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