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Monday, November 20, 2017 9:09:20 AM
By: Jeffrey Saut | November 20, 2017
Merrill memo
As one savvy seer said a long time ago, “Only fools and liars buy at exact bottoms and sell at exact tops!” So you have to develop a staying-alive, staying-liquid philosophy on Wall Street. Allow yourself to be wrong with your opinion, but don’t allow yourself to stay wrong with your money. Manifestly, despite our near/intermediate-term caution we have still been able to find a number of stocks to buy within the Raymond James research universe. We continue to invest and trade accordingly. This morning at 5:00 a.m. the S&P futures are flat (-1.75) despite the bad news out of Germany and China. There is a triple bottom at 2566 and last Wednesday’s low of 2557 is important support, while the October low of 2544 is critical support.
https://www.raymondjames.com/wealth-management/market-commentary-and-insights/investment-strategy
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