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Monday, March 04, 2013 12:12:43 PM
The Magic of Compound Interest
By Jeffrey Saut
* Monday, March 4, 2013
The call for this week: Well, it was close, but no cigar, last Thursday as the Industrials got within 15 points of their all-time high of 14164.53 made on October 9, 2007. Given that upside failure, it would not be surprising to see some downside attempts this week that don’t gain much traction. That said, we still have not seen three consecutive Downside Days for the Dow, which is what is required to break the back of the current Buying Stampede. Accordingly, today is session 43 in that upside skein, making this the second longest stampede chronicled in my notes of some 50 years (the longest is 53 sessions). Meanwhile, Raymond James’ 34th Annual Institutional Conference is in full swing here in Orlando. There are more than 300 companies presenting, and nearly 800 portfolio managers in attendance. Given the theme of American energy independence, I will be attending a number of the energy company presentations.
http://www.raymondjames.com/inv_strat.htm
George.
Click on "In reply to", for Authors past commentaries.
By Jeffrey Saut
* Monday, March 4, 2013
The call for this week: Well, it was close, but no cigar, last Thursday as the Industrials got within 15 points of their all-time high of 14164.53 made on October 9, 2007. Given that upside failure, it would not be surprising to see some downside attempts this week that don’t gain much traction. That said, we still have not seen three consecutive Downside Days for the Dow, which is what is required to break the back of the current Buying Stampede. Accordingly, today is session 43 in that upside skein, making this the second longest stampede chronicled in my notes of some 50 years (the longest is 53 sessions). Meanwhile, Raymond James’ 34th Annual Institutional Conference is in full swing here in Orlando. There are more than 300 companies presenting, and nearly 800 portfolio managers in attendance. Given the theme of American energy independence, I will be attending a number of the energy company presentations.
http://www.raymondjames.com/inv_strat.htm
George.
Click on "In reply to", for Authors past commentaries.
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