Beyond Panic, Some Perspective
As the market starts to settle in a bit it and the election is almost history it may be time to take a more macro technical look at the numbers and refresh the investment ladder that has setup after the 1260 area was broken to the downside on October 8th. We see a ladder of 440-640-840-1040-1240 at the moment. The area of 1040 plus will be an area to look at for implementing long-term selling again, with the 1240 level having significance much like the earlier 1440 area in the first leg of the bear market.
In spite of all of that for the moment in the Conservative Portfolio as the 990 level on the S&P is being approached this morning. we are cutting our stock positions in half. The Aggressive Portfolio will hold all positions for the big picture outlook.