-
-
-
-
CIO Insights are written by Angeles' CIO Michael Rosen
Michael has more than 35 years experience as an institutional portfolio manager, investment strategist, trader and academic.
RSS: CIO Blog | All Media
Reversal
Published: 10-21-2014I’m interpreting the spike down last week and the strong rebound in the past few days as bullish. See the chart below from Friday’s close (courtesy of our friends at Merrill).
We have held our positions in our model portfolios, neither panicking during the deluge nor trying to catch the bottom of this short-term move. Remember that much of what happens hour-to-hour, day-to-day, week-to-week, even year-to-year, has (or should have) little practical impact on long-term investors. Let’s make sure we have the cash to pay the bills and cover reasonable contingencies; after that, we can be largely indifferent to the spasms of the markets.
Print this ArticleRelated Articles
-
16 Oct, 2014
Old Age
Its been 3 years since US equities have corrected more than 10%. But theres no law about how long rallies can last ...
-
26 May, 2015
Long Term
In much of life, certainty dissipates with time. Weather forecasts are pretty accurate over the next 24 hours, a little ...
-
29 Jul, 2019
More (Not Necessarily) Beach Reading
For many people, the beach is an escape, and they want their beach books to transport them to worlds of fantasy. Coming ...
-