“The latest issue of the NFIB Small Business Economic Trends is out today. The September update for August came in at 94.0, down 0.1 points from the previous month. Today’s overall number is at the 20.4 percentile in this series -- fractionally above the top of the lowest quintile in the history of this series.” – Story and analysis at Advisor Perspectives at…
“…Economists estimate the Fed this month will taper its monthly bond buying by $10 billion, to $75 billion, according to the median of 34 responses in a Bloomberg News survey.” Story at…
Tuesday, the S&P finished up 0.7% to 1684 (rounded) at the close.
MY INVESTED POSITION
I remain about 20% invested in stocks as of 5 March (S&P 500 -1540). The NTSM system sold at 1575 on 16 April. (This is just another reminder that I should follow the NTSM analysis and not act emotionally – I am under-performing my own system by about 2%!) 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.