Commentary

  • Despite Fears, Stocks Advance in 2010

    In Market Analysis on

    Despite an overtly timid mindset among investors, the bulls are the victors for 2010. The market advance in December capped off a rising year to put the S&P 500 ahead 13% for the year. The Toews system was invested through the majority of the fourth quarter. Our system exited developed international stocks and high yield bonds due to a decline

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  • Markets Move Higher after a Fearful Mid-Year decline

    In Market Analysis on

    At the end of the 2nd quarter, stocks were in a severe correction, having dropped over 15% in just over 2 months. The market reached a bottom on July 2nd and made a healthy advance into the end of the quarter. Our system re-entered stocks in early September. At the end of the quarter, our proprietary accounts were fully invested

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  • Stock Market Drops in Second Quarter

    In Market Analysis on

    Shortly after the market hit bottom in April of 2009, we wrote that after major declines, gains were historically “decisive and significant.” The market affirmed that projection with an advance off the bottom of 65% by the end of 2009. That gain, along with robust GDP growth in the first quarter of 2010, led many to believe that the markets

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  • Gains Continue into the Fourth Quarter

    In Market Analysis on

    During the most recent quarter, the S&P continued its impressive rise and advanced 6.02%. Throughout the quarter, our proprietary models remained fully invested (with the exception of a 3 day partial sale out of Emerging Markets in some portfolios). In fact, we have remained fully invested in US and Developed International stocks since we entered the markets in late March

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  • Emerging Markets and our Dynamic Hedging Strategy

    In Market Analysis on

    Investing in emerging markets has the potential to generate high returns and also bring potential diversification benefits. Our case for emerging markets is justified by four principal causes: · Emerging markets (EM) possess a high rate of growth of GDP relative to developed countries · Emerging markets are expected to be an increasing percentage of global GDP Emerging markets return

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