Steve Sosnick, Interactive Brokers’ chief strategist, discusses profit taking, IPOs, and how the market is quite speculative these days.
Aiming for high returns is the whole point of investing of course.
But it’s crucial to manage your risk in a market like this.
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Here’s why I’m overweight stocks versus bonds.
The question to ask, I think, is “If I were a ground squirrel just awakened from hibernation, would I like valuations today?”
QE 3 turned out to be “QE infinity,” giving the market a bit larger of a bump than I expected.
My philosophy is not to follow Warren Buffett into BAC, but rather to invest with the principles that made value conscious investors like Buffett successful.
