The major indices are now up nearly 10% from their lows on June 17…
Turns out the world’s economies didn’t grind to a halt because of Greece. Or Portugal. Or because the Republicans/Democrats are pretending to be in a big game of chicken with our own budget. The major indices are now up nearly 10% from their lows on June 17 — just twelve trading days ago! That’d be a 150% annualized gain for the broader markets were that pace to keep up…and while I do expect we are headed into a stock market bubble, I don’t think we’ll see a 150% one year move in the Nasdaq along the way.
I am going to be selling a little bit of common today as our own portfolio is up way more than the broader markets in the last twelve trading days and again today too and I want to catch my breath a little bit. Flexibility, remember?
