Earnings season has brought a constant stream of “better than expected” earnings reports, which has led to a seemingly endless string of new record highs for the S&P 500. The bulls have argued the new highs are justified based on the earnings the companies behind them
“Buy when investors are fearful, sell when they are greedy.” – Warren Buffet
Having managed money through both the tech & housing bubbles, you would think nothing could surprise me when it comes to stock market manias. Warren Buffet’s advice to sell when they are
Long-time clients and advisors of SEM know we are not afraid to hold cash. In fact, when explaining our strategies we often quote Will Rogers, “it’s not about return ON your investment, it’s about return OF your investment.” Whether it’s your household
“Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” –Sir John Templeton
While we could have
Nobody rings the bell at the top of a bull market telling us the fun times are over and to prepare for the bear market. Markets can go up far longer than most of us can imagine, which is what makes them so dangerous to investors. The seemingly resiliency of