…Ho, hum…how many have called the top (and been wrong)? Here’s the teaser and link:
“Raymond James Chief Investment Strategist Jeffrey Saut…has been targeting July 19 as ‘intermediate top’ for the market for two and a half months. He cited quantitative timing and technical models, and said he’s been raising cash.
Saut’s looking for a correction of 10% to 12%.” Story at…
Friday, the S&P 500 was up 2pts to 1692 (rounded).
I have no problems leaving 20% or 30% invested. If the market is cut in half (worst case) I’d only lose 10%-15% of my investments. It also hedges the bet if I am wrong since I will have some invested if the market goes up. No system is perfect.