Given the amount of possible outcomes, predicting when to be “all-in” or on the sidelines is a real fool’s game.
Strategies
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Market expectations are low, fear is high, and valuations are attractive, setting the stage for positive surprises, says manager Bill Peattie.
The wealth effect from higher asset prices such as stocks has become a primary monetary policy tool.
Valuation factors are modestly negative even though interest rates are quite low and the Federal Reserve has pledged to keep them there for some time.
The Fed’s QE3 announcement is welcome by a lot of people on the Street, but not many retirees on Main Street.
Many people age 22 don't care about money: They expect to inherit it. For most, that's a very poor assumption.